Petrofac Limited (LON:PFC) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 941.28 ($12.29).
Several equities analysts have recently commented on the company. Goldman Sachs Group Inc. raised Petrofac Limited to a “buy” rating and upped their target price for the company from GBX 912 ($11.90) to GBX 1,066 ($13.91) in a report on Wednesday. Credit Suisse Group AG initiated coverage on Petrofac Limited in a research report on Monday, September 19th. They set an “outperform” rating and a GBX 1,100 ($14.36) price objective for the company. Liberum Capital reiterated a “buy” rating and set a GBX 1,020 ($13.31) price objective on shares of Petrofac Limited in a research report on Thursday, September 15th. Jefferies Group downgraded Petrofac Limited to a “hold” rating and reduced their price objective for the stock from GBX 835 ($10.90) to GBX 800 ($10.44) in a research report on Thursday, September 15th. Finally, Canaccord Genuity downgraded Petrofac Limited to a “hold” rating and set a GBX 850 ($11.10) price objective for the company. in a research report on Wednesday, September 14th.
Shares of Petrofac Limited (LON:PFC) opened at 891.50 on Wednesday. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The firm’s market capitalization is GBX 3.03 billion. The stock has a 50 day moving average price of GBX 843.51 and a 200 day moving average price of GBX 819.75.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be paid a dividend of GBX 0.22 ($0.00) per share. This represents a yield of 2.06%. The ex-dividend date is Thursday, September 22nd.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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