Petrofac Limited Receives “Buy” Rating from Deutsche Bank (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research report issued on Tuesday. They currently have a GBX 1,400 ($23.17) price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 24.33% from the company’s current price.
Petrofac Limited (LON:PFC) traded down 0.36% on Tuesday, hitting GBX 1122.00. The stock had a trading volume of 847,222 shares. 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 1142. and a 200-day moving average of GBX 1278.. The company’s market cap is £3.817 billion.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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 ($18.91) price target on the stock. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock 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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