Petrofac Limited (PFC) Rating Reiterated by Raymond James Financial Inc.
Petrofac Limited (LON:PFC)‘s stock had its “strong-buy” rating restated by investment analysts at Raymond James Financial Inc. in a research report issued to clients and investors on Monday. They currently have a GBX 1,200 ($14.63) price objective on the stock. Raymond James Financial Inc.’s target price would indicate a potential upside of 28.76% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the company. Liberum Capital restated a “buy” rating on shares of Petrofac Limited in a report on Thursday. Royal Bank Of Canada restated a “sector performer” rating and set a GBX 1,050 ($12.80) price objective on shares of Petrofac Limited in a report on Tuesday, October 11th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,100 ($13.41) price objective on shares of Petrofac Limited in a report on Friday, October 7th. Canaccord Genuity restated a “hold” rating and set a GBX 850 ($10.36) price objective on shares of Petrofac Limited in a report on Monday, October 3rd. Finally, Goldman Sachs Group Inc. upgraded Petrofac Limited to a “buy” rating and boosted their price objective for the stock from GBX 912 ($11.12) to GBX 1,066 ($12.99) in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Petrofac Limited currently has a consensus rating of “Buy” and an average price target of GBX 984 ($11.99).
Petrofac Limited (LON:PFC) traded down 0.48% during midday trading on Monday, reaching GBX 932.00. The company had a trading volume of 1,488,551 shares. The firm has a 50-day moving average of GBX 863.40 and a 200-day moving average of GBX 820.24. The stock’s market cap is GBX 3.17 billion. Petrofac Limited has a 12 month low of GBX 635.00 and a 12 month high of GBX 1,016.09.
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The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be issued a GBX 0.22 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 2.06%.
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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