Petrofac Limited (PFC) Stock Rating Reaffirmed by Royal Bank Of Canada
Petrofac Limited (LON:PFC)‘s stock had its “sector performer” rating restated by analysts at Royal Bank Of Canada in a research note issued on Tuesday. They currently have a GBX 1,050 ($13.00) price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 10.24% from the stock’s previous close.
Several other brokerages have also commented on PFC. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,100 ($13.61) price target on shares of Petrofac Limited in a research note on Friday. Canaccord Genuity reiterated a “hold” rating and issued a GBX 850 ($10.52) price target on shares of Petrofac Limited in a research note on Monday, October 3rd. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,165 ($14.42) price target on shares of Petrofac Limited in a research note on Wednesday, August 24th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,000 ($12.38) price target on shares of Petrofac Limited in a research note on Wednesday, August 24th. Finally, Morgan Stanley increased their price target on shares of Petrofac Limited from GBX 700 ($8.66) to GBX 785 ($9.72) and gave the company an “underweight” rating in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 973.20 ($12.04).
Petrofac Limited (LON:PFC) opened at 954.00 on Tuesday. The company has a 50 day moving average of GBX 854.99 and a 200 day moving average of GBX 818.33. The firm’s market capitalization is GBX 3.24 billion. Petrofac Limited has a 1-year low of GBX 635.00 and a 1-year high of GBX 1,016.09.
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The firm also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be issued a GBX 0.22 ($0.00) dividend. This represents a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 22nd.
Petrofac Limited Company Profile
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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