Shares of Petrofac Limited (LON:PFC) have received an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 595.31 ($7.69).

A number of research analysts recently issued reports on the company. Societe Generale reaffirmed a “buy” rating and issued a GBX 530 ($6.84) price target on shares of Petrofac Limited in a report on Friday. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 600 ($7.75) price target on shares of Petrofac Limited in a report on Thursday, August 31st. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.04) price target on shares of Petrofac Limited in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 500 ($6.46) price target on shares of Petrofac Limited in a report on Thursday, August 31st. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Petrofac Limited in a report on Thursday, August 31st.

TRADEMARK VIOLATION WARNING: “Petrofac Limited (PFC) Given Average Rating of “Hold” by Brokerages” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/09/petrofac-limited-pfc-given-average-rating-of-hold-by-brokerages.html.

Petrofac Limited (LON PFC) opened at 440.60 on Friday. The company’s market cap is GBX 1.50 billion. The company has a 50-day moving average of GBX 441.03 and a 200-day moving average of GBX 625.72. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50.

The business also recently announced a dividend, which will be paid on Friday, October 20th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 2.43%.

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.

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.