Deutsche Bank AG Reaffirms Sell Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “sell” rating reissued by analysts at Deutsche Bank AG in a research report issued on Friday. They currently have a GBX 600 ($7.81) target price on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 54.24% from the stock’s current price.
Other analysts also recently issued research reports about the company. Macquarie upped their price target on Petrofac Limited from GBX 800 ($10.41) to GBX 890 ($11.58) and gave the stock a “neutral” rating in a research note on Thursday, February 23rd. Goldman Sachs Group Inc restated a “buy” rating and issued a GBX 1,065 ($13.85) price target on shares of Petrofac Limited in a research note on Wednesday, February 8th. Morgan Stanley upped their price target on Petrofac Limited from GBX 820 ($10.67) to GBX 900 ($11.71) and gave the stock an “underweight” rating in a research note on Thursday, February 23rd. Jefferies Group LLC cut their price target on Petrofac Limited from GBX 916 ($11.92) to GBX 835 ($10.86) and set a “hold” rating on the stock in a research note on Tuesday, February 28th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 840 ($10.93) price target on shares of Petrofac Limited in a research note on Monday, March 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Petrofac Limited has an average rating of “Hold” and a consensus target price of GBX 859.33 ($11.18).
Petrofac Limited (LON:PFC) traded down 9.70% on Friday, hitting GBX 389.00. The stock had a trading volume of 18,255,335 shares. Petrofac Limited has a 1-year low of GBX 383.60 and a 1-year high of GBX 978.50. The company’s market cap is GBX 1.32 billion. The stock has a 50 day moving average price of GBX 773.14 and a 200 day moving average price of GBX 853.02.
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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