Petrofac Limited Stock Rating Reaffirmed by Canaccord Genuity (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a GBX 1,400 ($23.17) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 24.78% from the stock’s previous close.
PFC has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday. They now have a GBX 1,290 ($21.35) price target on the stock. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 1,416.90 ($23.45).
Shares of Petrofac Limited (LON:PFC) opened at 1150.00 on Wednesday. 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 1142.43 and a 200-day moving average of GBX 1278.. The company’s market cap is £3.913 billion.
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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