Petrofac Limited (PFC) Rating Reiterated by Jefferies Group LLC
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a report released on Thursday. They presently have a GBX 500 ($6.47) target price on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 23.82% from the company’s current price.
PFC has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) cut their target price on Petrofac Limited from GBX 1,020 ($13.19) to GBX 584 ($7.55) and set a “buy” rating on the stock in a research report on Friday, June 23rd. Canaccord Genuity cut their target price on Petrofac Limited from GBX 950 ($12.29) to GBX 475 ($6.14) and set a “hold” rating on the stock in a research report on Friday, May 26th. Sanford C. Bernstein reiterated an “underperform” rating and set a GBX 370 ($4.79) target price on shares of Petrofac Limited in a research report on Thursday, July 6th. Royal Bank Of Canada cut Petrofac Limited to an “underperform” rating and cut their target price for the stock from GBX 1,000 ($12.93) to GBX 400 ($5.17) in a research report on Friday, May 26th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a GBX 500 ($6.47) target price on shares of Petrofac Limited in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Petrofac Limited has an average rating of “Hold” and a consensus target price of GBX 692.50 ($8.96).
Shares of Petrofac Limited (PFC) opened at 403.80 on Thursday. The stock’s market cap is GBX 1.37 billion. The firm’s 50-day moving average price is GBX 444.65 and its 200 day moving average price is GBX 641.21. Petrofac Limited has a 1-year low of GBX 345.20 and a 1-year high of GBX 978.50.
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Petrofac Limited Company Profile
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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