Petrofac Limited (PFC) Receives Buy Rating from Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Petrofac Limited (LON:PFC) in a research note issued to investors on Thursday. Numis Securities Ltd currently has a GBX 600 ($7.76) target price on the stock.
A number of other equities analysts have also recently weighed in on the company. Kepler Capital Markets reaffirmed a buy rating and issued a GBX 700 ($9.05) price target on shares of Petrofac Limited in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 500 ($6.47) price target on shares of Petrofac Limited in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) reduced their price target on Petrofac Limited from GBX 1,020 ($13.19) to GBX 584 ($7.55) and set a buy rating for the company in a report on Friday, June 23rd. Morgan Stanley raised Petrofac Limited to an equal weight rating and upped their price target for the stock from GBX 400 ($5.17) to GBX 475 ($6.14) in a report on Wednesday, June 28th. Finally, Canaccord Genuity reduced their price target on Petrofac Limited from GBX 950 ($12.29) to GBX 475 ($6.14) and set a hold rating for the company in a report on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of GBX 692.50 ($8.96).
Petrofac Limited (PFC) traded down 3.56% during mid-day trading on Thursday, hitting GBX 403.50. The company had a trading volume of 2,919,853 shares. The firm’s market capitalization is GBX 1.37 billion. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The company has a 50-day moving average price of GBX 448.15 and a 200 day moving average price of GBX 654.40.
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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