Petrofac Limited Receives Buy Rating from Deutsche Bank (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Monday. They currently have a GBX 1,400 ($23.54) price target on the stock. Deutsche Bank’s price objective suggests a potential upside of 10.58% from the company’s current price.
Shares of Petrofac Limited (LON:PFC) traded down 0.24% during mid-day trading on Monday, hitting GBX 1252.00. 354,765 shares of the company’s stock traded hands. Petrofac Limited has a 52 week low of GBX 1080.00 and a 52 week high of GBX 1525.00. The stock has a 50-day moving average of GBX 1316.68 and a 200-day moving average of GBX 1287.. The company’s market cap is £4.260 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Tuesday, May 27th. They now have a GBX 1,400 ($23.54) price target on the stock. Separately, analysts at Barclays upgraded shares of Petrofac Limited to an “equal weight” rating in a research note on Wednesday, May 21st. They now have a GBX 1,500 ($25.22) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Petrofac Limited in a research note on Friday, May 16th. They now have a GBX 1,225 ($20.60) price target on the stock. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Petrofac Limited has a consensus rating of “Buy” and a consensus price target of GBX 1,476.76 ($24.83).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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