Petrofac Limited (PFC) Receives “Buy” Rating from Numis Securities Ltd
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reissued by Numis Securities Ltd in a research note issued to investors on Tuesday. They presently have a GBX 600 ($7.75) price target on the stock. Numis Securities Ltd’s target price suggests a potential upside of 36.92% from the stock’s previous close.
Several other equities analysts also recently issued reports on PFC. Credit Suisse Group reiterated a “neutral” rating and set a GBX 500 ($6.46) price objective on shares of Petrofac Limited in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 420 ($5.42) price objective on shares of Petrofac Limited in a research report on Wednesday, August 30th. Kepler Capital Markets reiterated a “buy” rating and set a GBX 700 ($9.04) price objective on shares of Petrofac Limited in a research report on Wednesday, June 28th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petrofac Limited in a research report on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 440 ($5.68) price objective on shares of Petrofac Limited in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Petrofac Limited has a consensus rating of “Hold” and a consensus target price of GBX 683.95 ($8.83).
Shares of Petrofac Limited (PFC) opened at 441.00 on Tuesday. Petrofac Limited has a 12-month low of GBX 345.20 and a 12-month high of GBX 978.50. The firm’s market capitalization is GBX 1.50 billion. The stock has a 50 day moving average price of GBX 439.28 and a 200 day moving average price of GBX 619.07.
Petrofac Limited (LON:PFC) last issued its quarterly earnings data on Wednesday, August 30th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. Petrofac Limited had a negative return on equity of 1.97% and a negative net margin of 0.15%. Analysts predict that Petrofac Limited will post $1.00 EPS for the current fiscal year.
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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