Petrofac (PFC) Price Target Raised to GBX 440 at Credit Suisse Group
Petrofac (LON:PFC) had its target price increased by equities research analysts at Credit Suisse Group from GBX 435 ($5.85) to GBX 440 ($5.92) in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s target price points to a potential downside of 3.17% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Barclays reaffirmed an “overweight” rating on shares of Petrofac in a research report on Thursday, August 31st. Jefferies Group reaffirmed a “buy” rating and issued a GBX 500 ($6.73) price objective on shares of Petrofac in a research report on Thursday, August 31st. Kepler Capital Markets reaffirmed a “buy” rating and issued a GBX 700 ($9.42) price objective on shares of Petrofac in a research report on Thursday, August 31st. Societe Generale reaffirmed a “buy” rating and issued a GBX 530 ($7.13) price objective on shares of Petrofac in a research report on Friday, September 8th. Finally, Numis Securities reissued a “buy” rating and set a GBX 600 ($8.08) price target on shares of Petrofac in a research report on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 597.88 ($8.05).
Shares of Petrofac (PFC) traded up GBX 3.30 ($0.04) during trading hours on Thursday, hitting GBX 454.40 ($6.12). The stock had a trading volume of 2,162,213 shares, compared to its average volume of 2,960,000. Petrofac has a twelve month low of GBX 4.24 ($0.06) and a twelve month high of GBX 955 ($12.85).
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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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