Royal Bank Of Canada reaffirmed their sector performer rating on shares of Petrofac Limited (LON:PFC) in a research report sent to investors on Tuesday morning. They currently have a GBX 1,050 ($13.00) price objective on the stock.
A number of other equities analysts also recently weighed in on the company. Canaccord Genuity upgraded Petrofac Limited to a buy rating and upped their target price for the company from GBX 775 ($9.59) to GBX 850 ($10.52) in a report on Tuesday, July 5th. Societe Generale reiterated a buy rating and issued a GBX 921 ($11.40) target price on shares of Petrofac Limited in a report on Wednesday, June 29th. Jefferies Group upgraded Petrofac Limited to a buy rating and dropped their target price for the company from GBX 855 ($10.58) to GBX 835 ($10.33) in a report on Wednesday, June 29th. Finally, Liberum Capital reiterated a buy rating and issued a GBX 1,000 ($12.38) target price on shares of Petrofac Limited in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Petrofac Limited currently has a consensus rating of Buy and an average target price of GBX 973.20 ($12.04).
Petrofac Limited (LON:PFC) opened at 938.31 on Tuesday. Petrofac Limited has a 52-week low of GBX 635.00 and a 52-week high of GBX 1,016.09. The stock’s 50 day moving average is GBX 861.57 and its 200-day moving average is GBX 820.95. The firm’s market capitalization is GBX 3.19 billion.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be paid a GBX 0.22 ($0.00) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 2.06%.
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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