Petrofac Limited (PFC) Rating Reiterated by Liberum Capital
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a note issued to investors on Thursday.
Several other research firms have also recently issued reports on PFC. Barclays PLC reaffirmed an “overweight” rating on shares of Petrofac Limited in a research report on Monday, September 12th. JPMorgan Chase & Co. reduced their price target on shares of Petrofac Limited from GBX 913 ($11.30) to GBX 900 ($11.14) and set an “overweight” rating for the company in a research report on Wednesday, June 22nd. Canaccord Genuity reissued a “hold” rating and issued a GBX 850 ($10.52) price target on shares of Petrofac Limited in a research report on Monday, October 3rd. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,100 ($13.61) price target on shares of Petrofac Limited in a research report on Friday, October 7th. Finally, Macquarie reissued an “outperform” rating and issued a GBX 960 ($11.88) price target on shares of Petrofac Limited in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 973.20 ($12.04).
Petrofac Limited (LON:PFC) opened at 914.00 on Thursday. The company has a 50 day moving average price of GBX 858.96 and a 200 day moving average price of GBX 819.45. Petrofac Limited has a 52-week low of GBX 635.00 and a 52-week high of GBX 1,016.09. The firm’s market capitalization is GBX 3.11 billion.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be issued a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 22nd.
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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