Kepler Capital Markets Lowers Petrofac Limited (PFC) Price Target to GBX 600
Petrofac Limited (LON:PFC) had its price objective decreased by analysts at Kepler Capital Markets from GBX 700 ($9.44) to GBX 600 ($8.09) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 34.44% from the company’s current price.
PFC has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 500 ($6.74) price objective on shares of Petrofac Limited in a research note on Thursday, August 31st. Royal Bank Of Canada cut shares of Petrofac Limited to an “underperform” rating and reduced their price objective for the company from GBX 1,000 ($13.48) to GBX 400 ($5.39) in a research note on Friday, May 26th. Barclays PLC reaffirmed an “overweight” rating on shares of Petrofac Limited in a research note on Thursday, August 31st. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 570 ($7.69) price objective on shares of Petrofac Limited in a research note on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) reduced their price objective on shares of Petrofac Limited from GBX 1,020 ($13.75) to GBX 584 ($7.87) and set a “buy” rating on the stock in a research note on Friday, June 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 659.78 ($8.90).
Shares of Petrofac Limited (PFC) opened at 448.30 on Tuesday. Petrofac Limited has a 52 week low of GBX 345.20 and a 52 week high of GBX 978.50. The firm’s 50-day moving average is GBX 437.73 and its 200 day moving average is GBX 603.84. The firm’s market capitalization is GBX 1.52 billion.
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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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