Petrofac (PFC) PT Raised to GBX 700 at Numis Securities
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).
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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