Petrofac (LON:PFC) had its price objective raised by equities researchers at Numis Securities from GBX 600 ($8.14) to GBX 700 ($9.49) in a report issued on Monday. The firm presently has a “buy” rating on the stock. Numis Securities’ target price suggests a potential upside of 27.09% from the company’s current price.

PFC has been the subject of several other research reports. Kepler Capital Markets lowered their price objective on shares of Petrofac from GBX 700 ($9.49) to GBX 600 ($8.14) and set a “buy” rating for the company in a research note on Tuesday, September 19th. Credit Suisse Group raised their price objective on shares of Petrofac from GBX 435 ($5.90) to GBX 440 ($5.97) and gave the company a “neutral” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 604.13 ($8.19).

Petrofac (PFC) opened at GBX 550.80 ($7.47) on Monday. The firm has a market cap of $1,870.00 and a PE ratio of 4,236.92. Petrofac has a 12 month low of GBX 4.24 ($0.06) and a 12 month high of GBX 955 ($12.95).

ILLEGAL ACTIVITY NOTICE: This piece of content was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/01/15/petrofac-pfc-pt-raised-to-gbx-700-at-numis-securities.html.

About Petrofac

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 (LON:PFC)

Receive News & Ratings for Petrofac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac and related companies with MarketBeat.com's FREE daily email newsletter.