Petrofac Limited (PFC) Given “Outperform” Rating at Credit Suisse Group AG
Credit Suisse Group AG reissued their outperform rating on shares of Petrofac Limited (LON:PFC) in a report published on Friday morning. They currently have a GBX 1,100 ($14.36) price objective on the stock.
PFC has been the subject of several other reports. BNP Paribas restated a neutral rating and set a GBX 875 ($11.42) price objective on shares of Petrofac Limited in a research report on Monday, September 12th. Goldman Sachs Group Inc. upgraded shares of Petrofac Limited to a buy rating and raised their price objective for the stock from GBX 912 ($11.90) to GBX 1,066 ($13.91) in a research report on Wednesday, September 28th. Canaccord Genuity restated a hold rating and set a GBX 850 ($11.10) price objective on shares of Petrofac Limited in a research report on Monday, October 3rd. Liberum Capital restated a buy rating and set a GBX 1,020 ($13.31) price objective on shares of Petrofac Limited in a research report on Thursday, September 15th. Finally, Barclays PLC restated an overweight rating on shares of Petrofac Limited in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Petrofac Limited has an average rating of Buy and a consensus target price of GBX 969.16 ($12.65).
Petrofac Limited (LON:PFC) traded up 1.87% during midday trading on Friday, hitting GBX 952.50. 1,624,933 shares of the stock traded hands. The firm’s market cap is GBX 3.24 billion. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The company’s 50-day moving average is GBX 853.15 and its 200 day moving average is GBX 819.55.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be issued a dividend of GBX 0.22 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a 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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