Petrofac Limited Given “Buy” Rating at Deutsche Bank (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a GBX 1,400 ($23.85) price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 16.09% from the company’s current price.
PFC has been the subject of a number of other recent research reports. Analysts at Societe Generale cut their price target on shares of Petrofac Limited from GBX 1,600 ($27.25) to GBX 1,480 ($25.21) in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Thursday, June 26th. They now have a GBX 1,400 ($23.85) price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Petrofac Limited from GBX 1,500 ($25.55) to GBX 1,430 ($24.36) in a research note on Wednesday, June 25th. They now have a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 1,482 ($25.24).
Shares of Petrofac Limited (LON:PFC) opened at 1195.00 on Wednesday. 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 1233.56 and a 200-day moving average of GBX 1293.56. The company’s market cap is £4.066 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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