Petrofac Limited (PFC) Receives Consensus Recommendation of “Hold” from Brokerages
Petrofac Limited (LON:PFC) has been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 589.13 ($7.81).
A number of brokerages have weighed in on PFC. Kepler Capital Markets reiterated a “buy” rating and set a GBX 700 ($9.29) price target on shares of Petrofac Limited in a report on Monday, August 7th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 500 ($6.63) price objective on shares of Petrofac Limited in a research report on Wednesday, August 9th. Sanford C. Bernstein reissued an “underperform” rating and issued a GBX 370 ($4.91) price objective on shares of Petrofac Limited in a research note on Thursday, July 6th. Societe Generale reissued a “buy” rating and issued a GBX 530 ($7.03) price objective on shares of Petrofac Limited in a research note on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on Petrofac Limited from GBX 559 ($7.41) to GBX 566 ($7.51) and gave the company a “buy” rating in a research report on Thursday, September 14th.
Petrofac Limited (PFC) opened at 444.70 on Wednesday. The firm’s market capitalization is GBX 1.51 billion. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The company has a 50 day moving average price of GBX 435.58 and a 200 day moving average price of GBX 567.04.
The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 21st will be paid a $0.13 dividend. This represents a dividend yield of 2.43%. The ex-dividend date is Thursday, September 21st.
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.
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