Petrofac Limited (LON:PFC) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 593.33 ($7.73).
Several equities research analysts have recently commented on the stock. Canaccord Genuity dropped their target price on shares of Petrofac Limited from GBX 950 ($12.37) to GBX 475 ($6.19) and set a “hold” rating for the company in a research report on Friday, May 26th. Goldman Sachs Group, Inc. (The) dropped their target price on shares of Petrofac Limited from GBX 1,020 ($13.28) to GBX 584 ($7.61) and set a “buy” rating for the company in a research report on Friday, June 23rd. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a GBX 370 ($4.82) target price on shares of Petrofac Limited in a research report on Thursday, July 6th. Royal Bank Of Canada cut shares of Petrofac Limited to an “underperform” rating and dropped their target price for the stock from GBX 1,000 ($13.02) to GBX 400 ($5.21) in a research report on Friday, May 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 500 ($6.51) target price on shares of Petrofac Limited in a research report on Monday, June 26th.
COPYRIGHT VIOLATION WARNING: “Petrofac Limited (LON:PFC) Receives Average Rating of “Hold” from Brokerages” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://stocknewstimes.com/2017/08/08/petrofac-limited-lonpfc-given-consensus-rating-of-hold-by-analysts-updated-updated.html.
Petrofac Limited (LON PFC) opened at 459.20 on Friday. Petrofac Limited has a one year low of GBX 345.20 and a one year high of GBX 978.50. The firm’s market cap is GBX 1.56 billion. The stock’s 50 day moving average is GBX 447.06 and its 200 day moving average is GBX 700.85.
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.
Receive News & Ratings for Petrofac Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Limited and related companies with MarketBeat.com's FREE daily email newsletter.
