Sanford C. Bernstein Reiterates Underperform Rating for Petrofac Limited (LON:PFC)
Petrofac Limited (LON:PFC)‘s stock had its “underperform” rating restated by research analysts at Sanford C. Bernstein in a report released on Thursday. They presently have a GBX 370 ($4.79) price target on the stock. Sanford C. Bernstein’s target price would suggest a potential downside of 16.16% from the company’s previous close.
A number of other research analysts have also recently commented on the stock. Royal Bank Of Canada cut shares of Petrofac Limited to an “underperform” rating and reduced their target price for the stock from GBX 1,000 ($12.95) to GBX 400 ($5.18) in a research 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 ($9.07) price target on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 1,020 ($13.21) price target on shares of Petrofac Limited in a report on Monday, April 10th. Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 600 ($7.77) price target (down from GBX 775 ($10.04)) on shares of Petrofac Limited in a report on Friday, May 19th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,125 ($14.57) target price on shares of Petrofac Limited in a research note on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 683.94 ($8.86).
Petrofac Limited (LON:PFC) opened at 441.30 on Thursday. The stock has a 50 day moving average of GBX 475.72 and a 200 day moving average of GBX 783.80. The firm’s market capitalization is GBX 1.50 billion. Petrofac Limited has a one year low of GBX 345.20 and a one year high of GBX 978.50.
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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