Petrofac Limited (PFC) Stock Rating Reaffirmed by Raymond James Financial Inc.
Petrofac Limited (LON:PFC)‘s stock had its “strong-buy” rating reissued by equities researchers at Raymond James Financial Inc. in a research report issued on Monday. They presently have a GBX 1,200 ($14.85) target price on the stock. Raymond James Financial Inc.’s price objective would suggest a potential upside of 28.07% from the stock’s current price.
A number of other equities 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 reiterated a “sector performer” rating and issued a GBX 1,050 ($13.00) target price on shares of Petrofac Limited in a report on Tuesday, October 11th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,100 ($13.61) target price on shares of Petrofac Limited in a report on Friday, October 7th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 850 ($10.52) target price 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 upped their target price for the stock from GBX 912 ($11.29) to GBX 1,066 ($13.19) in a report on Wednesday, September 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 984 ($12.18).
Shares of Petrofac Limited (LON:PFC) opened at 939.00 on Monday. Petrofac Limited has a 52-week low of GBX 635.00 and a 52-week high of GBX 1,016.09. The stock’s market capitalization is GBX 3.19 billion. The company’s 50 day moving average price is GBX 861.57 and its 200 day moving average price is GBX 820.95.
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The business also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be paid a GBX 0.22 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 2.06%.
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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