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Petrofac Ltd London (NASDAQ:POFCF) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Friday.

Shares of Petrofac Ltd London (NASDAQ:POFCF) opened at 18.5145 on Friday. Petrofac Ltd London has a 1-year low of $17.97 and a 1-year high of $24.95. The stock’s 50-day moving average is $18.99 and its 200-day moving average is $21.4. The company has a market cap of $6.313 billion and a price-to-earnings ratio of 11.70.

Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs upgraded shares of Petrofac Ltd London from a “neutral” rating to a “buy” rating in a research note on Friday, August 15th. Analysts at Investec reiterated a “buy” rating on shares of Petrofac Ltd London in a research note on Wednesday, June 25th.

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