Petrofac Limited (LON:PFC) Receives Consensus Rating of “Hold” from Brokerages
Petrofac Limited (LON:PFC) has been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 598.33 ($7.77).
A number of research analysts have commented on the company. Canaccord Genuity reduced their price objective on Petrofac Limited from GBX 950 ($12.33) to GBX 475 ($6.17) and set a “hold” rating on the stock in a research note on Friday, May 26th. Goldman Sachs Group, Inc. (The) cut their price target on Petrofac Limited from GBX 1,020 ($13.24) to GBX 584 ($7.58) and set a “buy” rating on the stock in a research note on Friday, June 23rd. Sanford C. Bernstein reiterated an “underperform” rating and issued a GBX 370 ($4.80) price target on shares of Petrofac Limited in a research note on Thursday, July 6th. Royal Bank Of Canada cut Petrofac Limited to an “underperform” rating and cut their price target for the stock from GBX 1,000 ($12.98) to GBX 400 ($5.19) in a research note on Friday, May 26th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 500 ($6.49) price target on shares of Petrofac Limited in a research note on Wednesday, August 9th.
Shares of Petrofac Limited (LON PFC) opened at 421.10 on Tuesday. 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 1.43 billion. The firm has a 50-day moving average price of GBX 452.47 and a 200-day moving average price of GBX 683.87.
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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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