Petrofac Limited Price Target Lowered to GBX 1,440 at Berenberg Bank (PFC)
Analysts at Berenberg Bank decreased their price target on shares of Petrofac Limited (LON:PFC) from GBX 1,740 ($29.85) to GBX 1,440 ($24.70) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 19.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,500 ($25.73) price target on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Petrofac Limited currently has an average rating of “Buy” and an average target price of GBX 1,446.10 ($24.80).
Shares of Petrofac Limited (LON:PFC) traded down 2.27% during mid-day trading on Tuesday, hitting GBX 1203.00. The stock had a trading volume of 1,282,444 shares. 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 1235. and a 200-day moving average of 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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