Petrofac (POFCF) Coverage Initiated by Analysts at Royal Bank Of Canada
Investment analysts at Royal Bank Of Canada assumed coverage on shares of Petrofac (OTCMKTS:POFCF) in a research report issued to clients and investors on Tuesday, StockTargetPrices.com reports. The brokerage set a “sector perform” rating on the stock.
A number of other research firms have also commented on POFCF. Goldman Sachs Group Inc. upgraded Petrofac from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th. Credit Suisse Group AG assumed coverage on Petrofac in a research note on Monday, September 19th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold”.
Petrofac (OTCMKTS:POFCF) opened at 11.90 on Tuesday. The firm’s market cap is $4.05 billion. The firm has a 50-day moving average price of $10.93 and a 200-day moving average price of $11.16. Petrofac has a 1-year low of $9.11 and a 1-year high of $14.25.
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