Petrofac Limited (PFC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Petrofac Limited (LON:PFC) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 593.33 ($7.75).
Several equities analysts recently commented on PFC shares. Citigroup Inc. restated a “neutral” rating and set a GBX 440 ($5.75) target price on shares of Petrofac Limited in a research report on Wednesday, June 28th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 600 ($7.83) price objective (down previously from GBX 775 ($10.12)) on shares of Petrofac Limited in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 565 ($7.38) price objective on shares of Petrofac Limited in a research report on Thursday, July 13th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petrofac Limited in a research report on Wednesday, June 28th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 600 ($7.83) price objective on shares of Petrofac Limited in a research report on Wednesday, June 28th.
Shares of Petrofac Limited (LON PFC) opened at 469.00 on Friday. The firm’s market capitalization is GBX 1.59 billion. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The firm has a 50-day moving average price of GBX 421.35 and a 200 day moving average price of GBX 741.20.
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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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