Petrofac Limited Given “Hold” Rating at Liberum Capital (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “hold” rating reaffirmed by equities researchers at Liberum Capital in a research report issued on Friday. They currently have a GBX 1,223 ($20.58) target price on the stock. Liberum Capital’s price objective points to a potential upside of 13.66% from the stock’s previous close.
A number of other firms have also recently commented on PFC. 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). Separately, 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. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Petrofac Limited in a research note on Wednesday, July 16th. They now have a GBX 1,500 ($25.24) price target on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Petrofac Limited currently has an average rating of “Buy” and a consensus price target of GBX 1,416.15 ($23.83).
Shares of Petrofac Limited (LON:PFC) traded down 0.19% on Friday, hitting GBX 1076.00. 767,552 shares of the company’s stock traded hands. 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 1172. and a 200-day moving average of GBX 1282.. The company’s market cap is £3.661 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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