Credit Suisse Group AG restated their outperform rating on shares of Petrofac Limited (LON:PFC) in a research report released on Friday. Credit Suisse Group AG currently has a GBX 1,100 ($14.36) price target on the stock.
Other analysts also recently issued research reports about the stock. Canaccord Genuity raised shares of Petrofac Limited to a buy rating and increased their target price for the stock from GBX 775 ($10.12) to GBX 850 ($11.10) in a research report on Tuesday, July 5th. Societe Generale reissued a buy rating and set a GBX 921 ($12.02) target price on shares of Petrofac Limited in a research report on Wednesday, June 29th. Jefferies Group upgraded Petrofac Limited to a buy rating and decreased their price target for the stock from GBX 855 ($11.16) to GBX 835 ($10.90) in a report on Wednesday, June 29th. Finally, Liberum Capital restated a buy rating and issued a GBX 1,000 ($13.05) price target on shares of Petrofac Limited in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Petrofac Limited presently has an average rating of Buy and a consensus target price of GBX 969.16 ($12.65).
Petrofac Limited (LON:PFC) traded up 1.87% during mid-day trading on Friday, reaching GBX 952.50. 1,624,933 shares of the company’s stock were exchanged. The company’s market capitalization is GBX 3.24 billion. Petrofac Limited has a 52 week low of GBX 635.00 and a 52 week high of GBX 1,016.09. The company’s 50 day moving average price is GBX 853.15 and its 200-day moving average price is GBX 819.55.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be issued a dividend of GBX 0.22 ($0.00) per share. This represents a dividend 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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