Petrofac Limited (LON:PFC) Stock Rating Reaffirmed by J P Morgan Chase & Co
J P Morgan Chase & Co restated their overweight rating on shares of Petrofac Limited (LON:PFC) in a research note released on Tuesday, July 11th. J P Morgan Chase & Co currently has a GBX 570 ($7.52) price objective on the stock.
A number of other equities analysts also recently issued reports on the stock. Barclays PLC restated an overweight rating on shares of Petrofac Limited in a research note on Tuesday, April 25th. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 600 ($7.91) price target on shares of Petrofac Limited in a report on Friday, May 26th. Royal Bank Of Canada cut shares of Petrofac Limited to an underperform rating and decreased their price target for the stock from GBX 1,000 ($13.19) to GBX 400 ($5.28) in a report on Friday, May 26th. Credit Suisse Group reaffirmed an outperform rating and issued a GBX 1,125 ($14.84) price target on shares of Petrofac Limited in a report on Wednesday, April 19th. Finally, Sanford C. Bernstein reissued an underperform rating and set a GBX 370 ($4.88) target price on shares of Petrofac Limited in a report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 687.22 ($9.07).
Shares of Petrofac Limited (LON:PFC) traded up 8.76% during midday trading on Tuesday, reaching GBX 483.00. The company had a trading volume of 6,767,376 shares. Petrofac Limited has a one year low of GBX 345.20 and a one year high of GBX 978.50. The company’s market capitalization is GBX 1.64 billion. The company has a 50 day moving average of GBX 441.50 and a 200 day moving average of GBX 710.70.
About Petrofac Limited
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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