Goldman Sachs Group Inc. Upgrades Petrofac Ltd (POFCY) to Buy
Petrofac Ltd (NASDAQ:POFCY) was upgraded by investment analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.
Separately, Zacks Investment Research cut shares of Petrofac from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th.
Shares of Petrofac (NASDAQ:POFCY) opened at 5.59 on Wednesday. Petrofac has a 52-week low of $4.45 and a 52-week high of $7.25. The firm’s market capitalization is $3.80 billion. The firm has a 50-day moving average price of $5.47 and a 200-day moving average price of $5.61.
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