Petrofac Limited (PFC) Lowered to Hold at Jefferies Group
Jefferies Group downgraded shares of Petrofac Limited (LON:PFC) to a hold rating in a research report released on Thursday morning. The firm currently has GBX 800 ($10.44) price objective on the stock, down from their previous price objective of GBX 835 ($10.90).
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity downgraded shares of Petrofac Limited to a hold rating and set a GBX 850 ($11.10) price objective on the stock. in a research report on Wednesday, September 14th. BNP Paribas reissued a neutral rating and issued a GBX 875 ($11.42) price objective on shares of Petrofac Limited in a research report on Monday, September 12th. Barclays PLC reissued an overweight rating on shares of Petrofac Limited in a research report on Monday, September 12th. Liberum Capital increased their price objective on shares of Petrofac Limited from GBX 1,000 ($13.05) to GBX 1,020 ($13.31) and gave the company a buy rating in a research report on Tuesday, September 6th. Finally, Macquarie increased their price objective on shares of Petrofac Limited from GBX 960 ($12.53) to GBX 970 ($12.66) and gave the company an outperform rating in a research report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 947.80 ($12.37).
Petrofac Limited (LON:PFC) opened at 821.00 on Thursday. The firm’s market cap is GBX 2.79 billion. The firm has a 50 day moving average of GBX 827.59 and a 200-day moving average of GBX 824.16. Petrofac Limited has a 12 month low of GBX 635.00 and a 12 month high of GBX 1,016.09.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be issued a GBX 0.22 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 2.06%.
Petrofac Limited Company Profile
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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