Liberum Capital Reaffirms Hold Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “hold” rating restated by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,223 ($20.24) price target on the stock. Liberum Capital’s price target would suggest a potential upside of 8.61% from the company’s current price.
Shares of Petrofac Limited (LON:PFC) opened at 1094.85 on Tuesday. Petrofac Limited has a 52-week low of GBX 1057.00 and a 52-week high of GBX 1525.00. The stock’s 50-day moving average is GBX 1142. and its 200-day moving average is GBX 1278.. The company’s market cap is £3.725 billion.
A number of other firms have also recently commented on PFC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,400 ($23.17) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Petrofac Limited in a research note on Friday. They now have a GBX 1,500 ($24.82) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Petrofac Limited in a research note on Wednesday, August 20th. They now have a GBX 1,430 ($23.66) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Petrofac Limited currently has an average rating of “Buy” and an average target price of GBX 1,418.15 ($23.47).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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