Petrofac Limited (PFC) Receives Average Recommendation of “Hold” from Analysts
Petrofac Limited (LON:PFC) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 554.40 ($7.46).
PFC has been the topic of a number of research analyst reports. Jefferies Group reiterated a “buy” rating and issued a GBX 500 ($6.73) price target on shares of Petrofac in a report on Thursday, August 31st. Barclays reiterated an “overweight” rating on shares of Petrofac in a report on Thursday, August 31st. Numis Securities reissued a “buy” rating and issued a GBX 600 ($8.08) target price on shares of Petrofac in a research note on Thursday, August 31st. Kepler Capital Markets cut their target price on shares of Petrofac from GBX 700 ($9.42) to GBX 600 ($8.08) and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Finally, Credit Suisse Group raised their target price on shares of Petrofac from GBX 435 ($5.85) to GBX 440 ($5.92) and gave the company a “neutral” rating in a research note on Thursday.
Shares of Petrofac (PFC) opened at GBX 462.57 ($6.23) on Monday. Petrofac has a 1 year low of GBX 4.24 ($0.06) and a 1 year high of GBX 955 ($12.85).
Petrofac 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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