Deutsche Bank Reaffirms Buy Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 1,300 ($21.57) target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 15.04% from the company’s current price.
Petrofac Limited (LON:PFC) traded down 0.09% on Wednesday, hitting GBX 1129.00. 552,582 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’s 50-day moving average is GBX 1134. and its 200-day moving average is GBX 1274.. The company’s market cap is £3.850 billion.
PFC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday, August 27th. They now have a GBX 1,400 ($23.23) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Petrofac Limited in a research note on Wednesday, August 27th. They now have a GBX 1,290 ($21.41) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Petrofac Limited in a research note on Tuesday, August 26th. They now have a GBX 1,220 ($20.25) price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,411.90 ($23.43).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.
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