Liberum Capital Reiterates “Buy” Rating for Petrofac Limited (PFC)
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating restated by equities research analysts at Liberum Capital in a note issued to investors on Thursday. They currently have a GBX 1,020 ($13.59) target price on the stock. Liberum Capital’s price target points to a potential upside of 28.06% from the stock’s current price.
PFC has been the topic of several other reports. Canaccord Genuity raised Petrofac Limited to a “buy” rating and increased their target price for the stock from GBX 775 ($10.32) to GBX 850 ($11.32) in a research report on Tuesday, July 5th. Societe Generale raised Petrofac Limited to a “hold” rating in a research report on Friday, July 22nd. Deutsche Bank AG assumed coverage on Petrofac Limited in a research report on Wednesday, August 31st. They issued a “hold” rating and a GBX 900 ($11.99) target price on the stock. Jefferies Group raised Petrofac Limited to a “buy” rating and dropped their target price for the stock from GBX 855 ($11.39) to GBX 835 ($11.12) in a research report on Wednesday, June 29th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 1,165 ($15.52) price target on shares of Petrofac Limited in a research note on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 947.80 ($12.62).
Petrofac Limited (LON:PFC) opened at 811.50 on Thursday. The firm’s market cap is GBX 2.76 billion. The company has a 50-day moving average of GBX 823.85 and a 200 day moving average of GBX 826.68. Petrofac Limited has a 52 week low of GBX 635.00 and a 52 week high of GBX 1,016.09.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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