Petrofac Limited (PFC) Earns Buy Rating from Numis Securities Ltd
Numis Securities Ltd reiterated their buy rating on shares of Petrofac Limited (LON:PFC) in a research note issued to investors on Thursday morning. The brokerage currently has a GBX 600 ($7.76) target price on the stock.
Several other research analysts have also recently weighed in on the stock. Barclays PLC reissued an overweight rating on shares of Petrofac Limited in a report on Friday, May 26th. Deutsche Bank AG reissued a sell rating and set a GBX 600 ($7.76) price objective on shares of Petrofac Limited in a report on Friday, May 26th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 570 ($7.37) price objective on shares of Petrofac Limited in a report on Tuesday, July 11th. Royal Bank Of Canada cut shares of Petrofac Limited to an underperform rating and decreased their price objective for the company from GBX 1,000 ($12.93) to GBX 400 ($5.17) in a report on Friday, May 26th. Finally, Sanford C. Bernstein reissued an underperform rating and set a GBX 370 ($4.79) price objective on shares of Petrofac Limited in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 692.50 ($8.96).
Petrofac Limited (LON PFC) opened at 402.20 on Thursday. The company’s market capitalization is GBX 1.37 billion. Petrofac Limited has a 52-week low of GBX 345.20 and a 52-week high of GBX 978.50. The stock’s 50 day moving average is GBX 444.65 and its 200-day moving average is GBX 641.21.
The company also recently declared a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 21st will be given a $0.13 dividend. The ex-dividend date is Thursday, September 21st. This represents a dividend yield of 2.43%.
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.
Receive News & Stock Ratings for Petrofac Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Limited and related stocks with our FREE daily email newsletter.