Petrofac Limited’s (PFC) Neutral Rating Reaffirmed at Citigroup Inc.
Petrofac Limited (LON:PFC)‘s stock had its “neutral” rating restated by research analysts at Citigroup Inc. in a research note issued to investors on Wednesday. They currently have a GBX 440 ($5.60) price objective on the stock. Citigroup Inc.’s target price points to a potential upside of 5.36% from the stock’s current price.
PFC has been the topic of several other research reports. Royal Bank Of Canada cut shares of Petrofac Limited to an “underperform” rating and cut their price target for the company from GBX 1,000 ($12.72) to GBX 400 ($5.09) in a report on Friday, May 26th. Kepler Capital Markets started coverage on shares of Petrofac Limited in a report on Friday, June 9th. They issued a “buy” rating and a GBX 700 ($8.90) price target on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 1,020 ($12.97) price target on shares of Petrofac Limited in a report on Monday, April 10th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 600 ($7.63) price target (down previously from GBX 775 ($9.86)) on shares of Petrofac Limited in a report on Friday, May 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,125 ($14.31) price target on shares of Petrofac Limited in a report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 742.06 ($9.44).
Petrofac Limited (LON:PFC) opened at 430.10 on Wednesday. The company’s 50 day moving average is GBX 547.20 and its 200-day moving average is GBX 803.05. Petrofac Limited has a 52-week low of GBX 345.20 and a 52-week high of GBX 978.50. The firm’s market cap is GBX 1.46 billion.
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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