Jefferies Group LLC Reiterates “Buy” Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a note issued to investors on Monday. They currently have a GBX 500 ($6.36) target price on the stock. Jefferies Group LLC’s target price would suggest a potential upside of 18.51% from the company’s current price.
A number of other research firms also recently commented on PFC. Deutsche Bank AG downgraded shares of Petrofac Limited to a “sell” rating and cut their target price for the company from GBX 900 ($11.45) to GBX 775 ($9.86) in a research report on Wednesday, April 5th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 840 ($10.68) price objective on shares of Petrofac Limited in a research report on Monday, March 20th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 1,020 ($12.97) price objective on shares of Petrofac Limited in a research report on Monday, April 10th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,125 ($14.31) price objective on shares of Petrofac Limited in a research report on Wednesday, April 19th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Petrofac Limited in a research report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 801.19 ($10.19).
Shares of Petrofac Limited (LON PFC) traded up 0.97% during midday trading on Monday, reaching GBX 426.00. 2,129,935 shares of the company’s stock were exchanged. Petrofac Limited has a 12-month low of GBX 345.20 and a 12-month high of GBX 978.50. The company’s market cap is GBX 1.45 billion. The stock’s 50 day moving average price is GBX 547.20 and its 200 day moving average price is GBX 803.05.
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.
Receive News & Ratings for Petrofac Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Limited and related companies with MarketBeat.com's FREE daily email newsletter.