Petrofac (LON:PFC)‘s stock had its “buy” rating reissued by Kepler Capital Markets in a note issued to investors on Friday. They presently have a GBX 600 ($8.14) price objective on the stock. Kepler Capital Markets’ target price suggests a potential upside of 9.53% from the stock’s previous close.
Several other research firms have also issued reports on PFC. Numis Securities lifted their price target on Petrofac from GBX 600 ($8.14) to GBX 700 ($9.49) and gave the stock a “buy” rating in a research report on Monday, January 15th. Barclays reaffirmed an “overweight” rating and issued a GBX 600 ($8.14) price target on shares of Petrofac in a research report on Wednesday. Finally, Credit Suisse Group lifted their price target on Petrofac from GBX 435 ($5.90) to GBX 440 ($5.97) and gave the stock a “neutral” rating in a research report 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 a consensus rating of “Hold” and an average target price of GBX 563.50 ($7.64).
Petrofac (PFC) traded up GBX 4.20 ($0.06) on Friday, hitting GBX 547.80 ($7.43). The stock had a trading volume of 1,504,965 shares, compared to its average volume of 2,210,000. The stock has a market cap of $1,900.00 and a price-to-earnings ratio of 4,565.00. 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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