Shares of Petrofac Limited (LON:PFC) have been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 593.33 ($7.75).
Several research analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a GBX 565 ($7.38) target price on shares of Petrofac Limited in a research report on Thursday, July 13th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 570 ($7.44) target price on shares of Petrofac Limited in a research report on Tuesday, July 11th. Sanford C. Bernstein reiterated an “underperform” rating and issued a GBX 370 ($4.83) target price on shares of Petrofac Limited in a research report on Thursday, July 6th. Morgan Stanley upgraded shares of Petrofac Limited to an “equal weight” rating and upped their target price for the stock from GBX 400 ($5.22) to GBX 475 ($6.20) in a research report on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a GBX 440 ($5.75) target price on shares of Petrofac Limited in a research report on Wednesday, June 28th.
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Petrofac Limited (LON:PFC) opened at 469.00 on Friday. The company’s market capitalization is GBX 1.59 billion. The stock has a 50 day moving average price of GBX 421.35 and a 200-day moving average price of GBX 741.20. Petrofac Limited has a 52 week low of GBX 345.20 and a 52 week high of GBX 978.50.
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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