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.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/16/j-p-morgan-chase-co-reaffirms-overweight-rating-for-petrofac-limited-pfc.html.

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.

Analyst Recommendations for Petrofac Limited (LON:PFC)

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.