Petrofac Limited (PFC) Receives Consensus Rating of “Hold” from Analysts
Petrofac Limited (LON:PFC) has earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 970.75 ($12.53).
Several equities research analysts have commented on PFC shares. Deutsche Bank AG cut shares of Petrofac Limited to a “sell” rating and cut their price target for the stock from GBX 900 ($11.62) to GBX 775 ($10.01) in a research report on Wednesday, April 5th. BNP Paribas reissued a “neutral” rating and issued a GBX 840 ($10.85) price target on shares of Petrofac Limited in a report on Monday, March 20th. Goldman Sachs Group Inc reissued a “buy” rating and issued a GBX 1,065 ($13.75) price target on shares of Petrofac Limited in a report on Wednesday, February 8th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,125 ($14.53) target price on shares of Petrofac Limited in a research report on Wednesday, April 19th. Finally, Morgan Stanley restated an “underweight” rating and set a GBX 820 ($10.59) target price on shares of Petrofac Limited in a research report on Monday, January 30th.
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Shares of Petrofac Limited (LON:PFC) opened at 809.50 on Wednesday. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 978.50. The stock’s market capitalization is GBX 2.75 billion. The company’s 50 day moving average price is GBX 887.96 and its 200 day moving average price is GBX 874.26.
The business also recently disclosed a dividend, which will be paid on Friday, May 19th. Investors of record on Thursday, April 20th will be paid a €0.44 ($0.48) dividend. This is an increase from Petrofac Limited’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, April 20th. This represents a yield of 3.89%.
Petrofac Limited Company Profile
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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