Petrofac Limited (PFC) Upgraded by Goldman Sachs Group Inc. to “Buy”
Goldman Sachs Group Inc. upgraded shares of Petrofac Limited (LON:PFC) to a buy rating in a research report sent to investors on Wednesday. The brokerage currently has GBX 1,066 ($13.91) price objective on the stock, up from their previous price objective of GBX 912 ($11.90).
PFC has been the topic of several other research reports. Canaccord Genuity upgraded shares of Petrofac Limited to a buy rating and boosted their price target for the stock from GBX 775 ($10.12) to GBX 850 ($11.10) in a research note on Tuesday, July 5th. Societe Generale upgraded shares of Petrofac Limited to a hold rating in a research report on Friday, July 22nd. Liberum Capital restated a buy rating and set a GBX 1,000 ($13.05) target price on shares of Petrofac Limited in a research report on Wednesday, August 24th. Deutsche Bank AG initiated coverage on shares of Petrofac Limited in a research report on Wednesday, August 31st. They set a hold rating and a GBX 900 ($11.75) target price on the stock. Finally, Jefferies Group upgraded shares of Petrofac Limited to a buy rating and decreased their target price for the company from GBX 855 ($11.16) to GBX 835 ($10.90) in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 955.70 ($12.47).
Petrofac Limited (LON:PFC) opened at 874.00 on Wednesday. The company’s market cap is GBX 2.97 billion. The company has a 50-day moving average price of GBX 840.05 and a 200-day moving average price of GBX 818.82. Petrofac Limited has a 1-year low of GBX 635.00 and a 1-year high of GBX 1,016.09.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a GBX 0.22 ($0.00) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 2.06%.
Petrofac Limited Company Profile
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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