Brokerages Set Petrofac Limited (PFC) PT at $729.38
Shares of Petrofac Limited (LON:PFC) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 729.38 ($9.53).
PFC has been the topic of a number of analyst reports. Barclays reiterated an “overweight” rating and set a GBX 850 ($11.11) target price (up previously from GBX 800 ($10.45)) on shares of Petrofac in a report on Monday, August 20th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Petrofac in a research report on Thursday, August 30th. Numis Securities upped their price objective on shares of Petrofac from GBX 700 ($9.15) to GBX 821 ($10.73) and gave the stock a “buy” rating in a research report on Thursday, August 30th. Morgan Stanley upgraded shares of Petrofac to an “equal weight” rating and upped their price objective for the stock from GBX 650 ($8.49) to GBX 800 ($10.45) in a research report on Thursday, August 30th. Finally, Kepler Capital Markets upped their price objective on shares of Petrofac from GBX 660 ($8.62) to GBX 700 ($9.15) and gave the stock a “hold” rating in a research report on Thursday, August 30th.
LON:PFC traded down GBX 21.90 ($0.29) during trading hours on Monday, reaching GBX 471.70 ($6.16). 1,226,011 shares of the company traded hands, compared to its average volume of 3,540,000. Petrofac has a 1-year low of GBX 345.20 ($4.51) and a 1-year high of GBX 941 ($12.30).
Petrofac Company Profile
Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.
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