Petrofac (PFC) Receives Buy Rating from Numis Securities
Several other brokerages also recently commented on PFC. JPMorgan Chase & Co. increased their price objective on Petrofac from GBX 560 ($7.74) to GBX 590 ($8.15) and gave the stock an overweight rating in a research note on Friday, February 2nd. Goldman Sachs Group increased their price objective on Petrofac from GBX 575 ($7.94) to GBX 648 ($8.95) and gave the stock a buy rating in a research note on Thursday, February 1st. Kepler Capital Markets reissued a buy rating and issued a GBX 600 ($8.29) price objective on shares of Petrofac in a research note on Friday, January 19th. Barclays reissued an overweight rating and issued a GBX 600 ($8.29) price objective on shares of Petrofac in a research note on Wednesday, January 17th. Finally, Credit Suisse Group increased their price objective on Petrofac from GBX 435 ($6.01) to GBX 440 ($6.08) and gave the stock a neutral rating in a research note on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 552.53 ($7.63).
Shares of Petrofac (LON:PFC) traded up GBX 12.70 ($0.18) during trading on Friday, hitting GBX 441.40 ($6.10). The stock had a trading volume of 7,570,674 shares, compared to its average volume of 3,020,000. The stock has a market capitalization of $1,530.00 and a P/E ratio of -7,356.67. Petrofac has a 12-month low of GBX 4.24 ($0.06) and a 12-month high of GBX 955 ($13.19).
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Petrofac 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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