Petrofac (OTCMKTS:POFCF) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, StockTargetPrices.com reports.
Separately, Credit Suisse Group AG started coverage on Petrofac in a research report on Monday, September 19th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold”.
Shares of Petrofac (OTCMKTS:POFCF) remained flat at $11.00 during mid-day trading on Wednesday. The company’s market cap is $3.74 billion. Petrofac has a 52 week low of $9.11 and a 52 week high of $14.25. The stock has a 50-day moving average price of $10.76 and a 200-day moving average price of $11.31.
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