Petrofac Limited Receives Outperform Rating from Sanford C. Bernstein (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “outperform” rating reiterated by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 1,500 ($25.08) price objective on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 33.21% from the company’s current price.
Petrofac Limited (LON:PFC) opened at 1110.00 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 1149. and a 200-day moving average of GBX 1278.. The company’s market cap is £3.777 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Petrofac Limited in a research note on Wednesday. They now have a GBX 1,430 ($23.91) price target on the stock. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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