Petrofac Limited Rating Reiterated by Investec (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reiterated by equities researchers at Investec in a research report issued on Wednesday. They currently have a GBX 1,290 ($21.35) price objective on the stock. Investec’s target price would suggest a potential upside of 14.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of Petrofac Limited in a research note on Tuesday. They now have a GBX 1,220 ($20.19) price target on the stock. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,416.90 ($23.45).
Shares of Petrofac Limited (LON:PFC) traded up 2.30% during mid-day trading on Wednesday, hitting GBX 1148.85. 1,217,281 shares of the company’s stock traded hands. 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 1140. and a 200-day moving average of GBX 1277.. The company’s market cap is £3.909 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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