Kepler Capital Markets Trims Petrofac Limited (PFC) Target Price to GBX 600
Petrofac Limited (LON:PFC) had its target price dropped by investment analysts at Kepler Capital Markets from GBX 700 ($9.44) to GBX 600 ($8.09) in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 37.99% from the stock’s current price.
Several other research analysts have also recently issued reports on PFC. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 500 ($6.74) price objective on shares of Petrofac Limited in a report on Wednesday, August 9th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 600 ($8.09) price objective on shares of Petrofac Limited in a report on Thursday, August 31st. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Petrofac Limited from GBX 559 ($7.54) to GBX 566 ($7.63) and gave the company a “buy” rating in a report on Thursday, September 14th. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 420 ($5.66) price objective on shares of Petrofac Limited in a report on Wednesday, August 30th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petrofac Limited in a report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 659.78 ($8.90).
Shares of Petrofac Limited (PFC) traded up 1.38% during midday trading on Tuesday, hitting GBX 434.80. The stock had a trading volume of 1,683,282 shares. The company’s market cap is GBX 1.50 billion. The firm has a 50 day moving average of GBX 438.16 and a 200-day moving average of GBX 600.52. Petrofac Limited has a one year low of GBX 345.20 and a one year high of GBX 978.50.
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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