Petrofac Limited (PFC) Rating Reiterated by Liberum Capital
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a report issued on Thursday.
Several other equities analysts have also recently issued reports on the stock. Societe Generale reaffirmed a “buy” rating and issued a GBX 921 ($11.40) price objective on shares of Petrofac Limited in a research note on Wednesday, June 29th. JPMorgan Chase & Co. lowered their price objective on shares of Petrofac Limited from GBX 944 ($11.68) to GBX 913 ($11.30) and set an “overweight” rating on the stock in a research note on Thursday, June 16th. Jefferies Group cut shares of Petrofac Limited to a “hold” rating and lowered their price objective for the stock from GBX 835 ($10.33) to GBX 800 ($9.90) in a research note on Thursday, September 15th. Morgan Stanley lifted their price objective on shares of Petrofac Limited from GBX 700 ($8.66) to GBX 785 ($9.72) and gave the stock an “underweight” rating in a research note on Wednesday, August 31st. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a GBX 830 ($10.27) price objective on shares of Petrofac Limited in a research note on Wednesday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 973.20 ($12.04).
Shares of Petrofac Limited (LON:PFC) opened at 914.00 on Thursday. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 1,016.09. The stock’s market cap is GBX 3.11 billion. The firm has a 50 day moving average of GBX 858.96 and a 200 day moving average of GBX 819.45.
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The company also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, September 22nd.
About Petrofac Limited
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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