Petrofac Limited PT Lowered to GBX 1,430 (PFC)
Stock analysts at Credit Suisse reduced their target price on shares of Petrofac Limited (LON:PFC) from GBX 1,500 ($25.53) to GBX 1,430 ($24.34) in a report issued on Wednesday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target points to a potential upside of 19.27% from the stock’s previous close.
PFC has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,315 ($22.38) price target on the stock. Separately, analysts at Natixis reiterated a “buy” rating on shares of Petrofac Limited in a research note on Tuesday, June 17th. They now have a GBX 1,600 ($27.23) price target on the stock. Finally, 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 ($23.83) price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Petrofac Limited presently has a consensus rating of “Buy” and an average price target of GBX 1,487.71 ($25.32).
Shares of Petrofac Limited (LON:PFC) traded down 1.96% during mid-day trading on Wednesday, hitting GBX 1199.00. 1,243,600 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’s 50-day moving average is GBX 1249.18 and its 200-day moving average is GBX 1291.. The company’s market cap is £4.079 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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