Petrofac Limited’s (PFC) “Strong-Buy” Rating Reaffirmed at Raymond James Financial Inc.
Raymond James Financial Inc. restated their strong-buy rating on shares of Petrofac Limited (LON:PFC) in a research note issued to investors on Monday. Raymond James Financial Inc. currently has a GBX 1,200 ($14.63) target price on the stock.
PFC has been the subject of a number of other reports. BNP Paribas reaffirmed a neutral rating and set a GBX 875 ($10.66) price target on shares of Petrofac Limited in a report on Monday, September 12th. Goldman Sachs Group Inc. raised Petrofac Limited to a buy rating and lifted their price target for the stock from GBX 912 ($11.12) to GBX 1,066 ($12.99) in a report on Wednesday, September 28th. Royal Bank Of Canada reaffirmed a sector performer rating and set a GBX 1,050 ($12.80) price target on shares of Petrofac Limited in a report on Tuesday, October 11th. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 1,100 ($13.41) price target on shares of Petrofac Limited in a report on Friday, October 7th. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 850 ($10.36) price target on shares of Petrofac Limited in a report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Petrofac Limited currently has a consensus rating of Buy and an average target price of GBX 984 ($11.99).
Shares of Petrofac Limited (LON:PFC) opened at 922.50 on Monday. The firm’s market capitalization is GBX 3.14 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 price is GBX 863.40 and its 200 day moving average price is GBX 820.24.
The company also recently declared a dividend, which will be paid on Friday, October 21st. Investors 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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