Petrofac Limited (LON:PFC)‘s stock had its “underperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday. They currently have a GBX 420 ($5.43) price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 1.57% from the stock’s current price.

Several other analysts have also recently commented on the stock. Credit Suisse Group reiterated a “neutral” rating and set a GBX 500 ($6.47) target price on shares of Petrofac Limited in a research report on Wednesday, August 9th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 700 ($9.05) target price on shares of Petrofac Limited in a research report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a GBX 565 ($7.31) target price on shares of Petrofac Limited in a research report on Thursday, July 13th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 570 ($7.37) target price on shares of Petrofac Limited in a research report on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated an “underperform” rating and set a GBX 370 ($4.79) target price on shares of Petrofac Limited in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 692.50 ($8.96).

Petrofac Limited (PFC) traded down 2.29% during mid-day trading on Wednesday, reaching GBX 413.50. The company’s stock had a trading volume of 4,520,008 shares. The firm’s market capitalization is GBX 1.41 billion. The firm’s 50 day moving average price is GBX 448.15 and its 200 day moving average price is GBX 654.40. Petrofac Limited has a 52 week low of GBX 345.20 and a 52 week high of GBX 978.50.

TRADEMARK VIOLATION NOTICE: “Petrofac Limited (PFC) Stock Rating Reaffirmed by Royal Bank Of Canada” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://www.americanbankingnews.com/2017/08/30/petrofac-limited-pfc-stock-rating-reaffirmed-by-royal-bank-of-canada.html.

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.

Analyst Recommendations for Petrofac Limited (LON:PFC)

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.