Petrofac Limited Stock Rating Reaffirmed by Natixis (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by research analysts at Natixis in a report released on Tuesday. They currently have a GBX 1,600 ($27.16) price target on the stock. Natixis’ target price indicates a potential upside of 26.18% from the company’s current price.
A number of other firms have also recently commented on PFC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Petrofac Limited in a research note on Monday, June 9th. They now have a GBX 1,400 ($23.77) price target on the stock. Separately, 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 ($23.77) price target on the stock. Finally, 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 ($25.46) price target on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 1,491.05 ($25.31).
Shares of Petrofac Limited (LON:PFC) traded down 1.42% during mid-day trading on Tuesday, hitting GBX 1250.00. 1,764,013 shares of the company’s stock traded hands. Petrofac Limited has a one year low of GBX 1080.00 and a one year high of GBX 1525.00. The stock’s 50-day moving average is GBX 1286. and its 200-day moving average is GBX 1290.. The company’s market cap is £4.253 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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