Petrofac Limited Receives Buy Rating from Canaccord Genuity (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 1,400 ($23.83) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 16.76% from the stock’s previous close.
Shares of Petrofac Limited (LON:PFC) traded up 2.42% during mid-day trading on Thursday, hitting GBX 1228.00. The stock had a trading volume of 833,855 shares. Petrofac Limited has a one year low of GBX 1080.00 and a one year high of GBX 1525.00. The stock has a 50-day moving average of GBX 1249.18 and a 200-day moving average of GBX 1291.. The company’s market cap is £4.178 billion.
PFC has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Petrofac Limited from GBX 1,500 ($25.53) to GBX 1,430 ($24.34) in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Petrofac Limited has a consensus rating of “Buy” and an average target price of GBX 1,487.71 ($25.32).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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