Petrofac Limited’s (PFC) Hold Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reaffirmed their hold rating on shares of Petrofac Limited (LON:PFC) in a research note issued to investors on Monday. Canaccord Genuity currently has a GBX 850 ($11.10) target price on the stock.
Other research analysts also recently issued reports about the company. Societe Generale upgraded Petrofac Limited to a hold rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. dropped their target price on Petrofac Limited from GBX 913 ($11.92) to GBX 900 ($11.75) and set an overweight rating on the stock in a research note on Wednesday, June 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 note on Monday, August 1st. Jefferies Group upgraded Petrofac Limited to a buy rating and dropped their target price for the stock from GBX 855 ($11.16) to GBX 835 ($10.90) in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG began coverage on Petrofac Limited in a research note on Monday, July 11th. They set a hold rating and a GBX 770 ($10.05) target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Petrofac Limited currently has a consensus rating of Hold and a consensus target price of GBX 955.70 ($12.47).
Petrofac Limited (LON:PFC) traded up 1.49% during mid-day trading on Monday, hitting GBX 921.00. The company had a trading volume of 1,115,299 shares. The firm’s market capitalization is GBX 3.13 billion. The company has a 50-day moving average price of GBX 845.19 and a 200 day moving average price of GBX 818.32. Petrofac Limited has a 12 month low of GBX 635.00 and a 12 month high of GBX 1,016.09.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be paid a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, September 22nd.
About Petrofac Limited
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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