Petrofac Limited (LON:PFC) had its target price increased by research analysts at Goldman Sachs Group, Inc. (The) from GBX 559 ($7.22) to GBX 566 ($7.31) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 27.91% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Numis Securities Ltd reiterated a “buy” rating and set a GBX 600 ($7.75) target price on shares of Petrofac Limited in a report on Wednesday, June 28th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 700 ($9.04) target price on shares of Petrofac Limited in a report on Wednesday, June 28th. Societe Generale reiterated a “buy” rating and set a GBX 530 ($6.84) target price on shares of Petrofac Limited in a report on Friday, September 8th. Jefferies Group LLC reiterated a “buy” rating and set a GBX 500 ($6.46) target price on shares of Petrofac Limited in a report on Monday, June 26th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petrofac Limited in a report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Petrofac Limited has a consensus rating of “Hold” and a consensus price target of GBX 684 ($8.83).

Shares of Petrofac Limited (LON:PFC) traded down 1.18% during mid-day trading on Thursday, reaching GBX 442.50. 6,768,721 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 438.30 and its 200-day moving average price is GBX 610.90. The stock’s market capitalization is GBX 1.50 billion. Petrofac Limited has a 12-month low of GBX 345.20 and a 12-month high of GBX 978.50.

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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.

Analyst Recommendations for Petrofac Limited (LON:PFC)

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