Petrofac Limited Earns Neutral Rating from Credit Suisse (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “neutral” rating reiterated by research analysts at Credit Suisse in a report released on Wednesday. They currently have a GBX 1,430 ($23.91) price target on the stock. Credit Suisse’s price target would indicate a potential upside of 23.92% from the company’s current price.
Petrofac Limited (LON:PFC) opened at 1137.00 on Wednesday. Petrofac Limited has a 1-year low of GBX 1057.00 and a 1-year high of GBX 1525.00. The stock has a 50-day moving average of GBX 1153.68 and a 200-day moving average of GBX 1280.. The company’s market cap is £3.869 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Petrofac Limited in a research note on Tuesday, August 12th. They now have a GBX 1,143 ($19.11) price target on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Petrofac Limited in a research note on Monday, August 11th. They now have a GBX 1,440 ($24.07) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Petrofac Limited in a research note on Friday, August 8th. They now have a GBX 1,500 ($25.08) 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 company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 1,418.15 ($23.71).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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