Barclays Reiterates “Equal weight” Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research note issued on Tuesday. They currently have a GBX 1,500 ($25.73) target price on the stock. Barclays’ target price indicates a potential upside of 24.69% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Friday. They now have a GBX 1,400 ($24.01) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday, July 2nd. They now have a GBX 1,400 ($24.01) price target on the stock. Finally, analysts at Societe Generale cut their price target on shares of Petrofac Limited from GBX 1,600 ($27.44) to GBX 1,480 ($25.39) in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 1,446.10 ($24.80).
Petrofac Limited (LON:PFC) traded down 2.27% on Tuesday, hitting GBX 1203.00. The stock had a trading volume of 1,282,444 shares. 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 1235. and its 200-day moving average is GBX 1295.. The company’s market cap is £4.093 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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