Petrofac Limited’s Hold Rating Reaffirmed at Societe Generale (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “hold” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Tuesday. They currently have a GBX 1,220 ($20.19) target price on the stock. Societe Generale’s price objective would indicate a potential upside of 8.35% from the stock’s previous close.
Shares of Petrofac Limited (LON:PFC) opened at 1101.00 on Tuesday. Petrofac Limited has a 1-year low of GBX 1057.00 and a 1-year 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 £3.746 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “hold” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,223 ($20.24) price target on the stock. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target 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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