Petrofac Limited (LON:PFC) had its price objective cut by stock analysts at Goldman Sachs Group, Inc. (The) from GBX 1,020 ($13.00) to GBX 584 ($7.44) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 39.68% from the stock’s current price.

Other analysts have also issued research reports about the stock. Jefferies Group LLC raised shares of Petrofac Limited to a “buy” rating and reduced their price target for the company from GBX 835 ($10.64) to GBX 500 ($6.37) in a research report on Thursday, June 15th. Barclays PLC reiterated an “overweight” rating on shares of Petrofac Limited in a report on Friday, May 26th. Macquarie lifted their target price on shares of Petrofac Limited from GBX 800 ($10.19) to GBX 890 ($11.34) and gave the company a “neutral” rating in a report on Thursday, February 23rd. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 600 ($7.64) target price on shares of Petrofac Limited in a report on Friday, May 26th. Finally, Morgan Stanley lifted their target price on shares of Petrofac Limited from GBX 820 ($10.45) to GBX 900 ($11.47) and gave the company an “underweight” rating in a report on Thursday, February 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Petrofac Limited has a consensus rating of “Hold” and a consensus price target of GBX 801.19 ($10.21).

Analyst Recommendations for Petrofac Limited (LON:PFC)

Petrofac Limited (PFC) opened at 418.70 on Friday. Petrofac Limited has a 1-year low of GBX 345.20 and a 1-year high of GBX 978.50. The company’s market cap is GBX 1.42 billion. The stock’s 50 day moving average price is GBX 547.20 and its 200-day moving average price is GBX 803.05.

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About Petrofac Limited

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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