Petrofac Limited Stock Rating Reaffirmed by Sanford C. Bernstein (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “outperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Friday. They currently have a GBX 1,500 ($25.24) target price on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 40.85% from the company’s current price.
Petrofac Limited (LON:PFC) opened at 1065.00 on Friday. Petrofac Limited has a 52-week low of GBX 1057.00 and a 52-week high of GBX 1525.00. The stock has a 50-day moving average of GBX 1176. and a 200-day moving average of GBX 1283.. The company’s market cap is £3.624 billion.
A number of other analysts have also recently weighed in on PFC. Analysts at Liberum Capital reiterated a “hold” rating on shares of Petrofac Limited in a research note on Friday. They now have a GBX 1,223 ($20.58) price target on the stock. Separately, analysts at Societe Generale downgraded shares of Petrofac Limited to a “hold” rating in a research note on Friday, July 25th. They now have a GBX 1,220 ($20.53) price target on the stock, down previously from GBX 1,480 ($24.90). Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Friday, July 18th. They now have a GBX 1,400 ($23.56) price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 1,416.15 ($23.83).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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