J P Morgan Chase & Co Reaffirms Overweight Rating for Petrofac Limited (PFC)
J P Morgan Chase & Co reaffirmed their overweight rating on shares of Petrofac Limited (LON:PFC) in a research report sent to investors on Tuesday morning, MarketBeat.com reports. They currently have a GBX 570 ($7.36) price objective on the stock.
A number of other equities research analysts have also recently issued reports on the company. Barclays PLC reaffirmed an overweight rating on shares of Petrofac Limited in a research report on Friday, May 26th. Deutsche Bank AG reaffirmed a sell rating and set a GBX 600 ($7.75) target price on shares of Petrofac Limited in a research report on Friday, May 26th. Royal Bank Of Canada cut Petrofac Limited to an underperform rating and decreased their target price for the stock from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a research report on Friday, May 26th. Sanford C. Bernstein reaffirmed an underperform rating and set a GBX 370 ($4.78) target price on shares of Petrofac Limited in a research report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and set a GBX 565 ($7.30) target price on shares of Petrofac Limited in a research report on Thursday, July 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Petrofac Limited presently has a consensus rating of Hold and a consensus price target of GBX 665.33 ($8.59).
Petrofac Limited (LON:PFC) opened at 442.50 on Tuesday. 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 438.30 and its 200-day moving average is GBX 610.90. The firm’s market capitalization is GBX 1.50 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Stockholders 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.
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