Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reissued by equities research analysts at Liberum Capital in a research note issued to investors on Thursday.
Other analysts have also issued reports about the company. Societe Generale upgraded Petrofac Limited to a “hold” rating in a research note on Friday, July 22nd. JPMorgan Chase & Co. reduced their price target on Petrofac Limited from GBX 913 ($11.30) to GBX 900 ($11.14) and set an “overweight” rating for the company in a research report on Wednesday, June 22nd. Jefferies Group upgraded Petrofac Limited to a “buy” rating and reduced their price target for the company from GBX 855 ($10.58) to GBX 835 ($10.33) in a research report on Wednesday, June 29th. Deutsche Bank AG assumed coverage on Petrofac Limited in a research report on Monday, July 11th. They issued a “hold” rating and a GBX 770 ($9.53) price target for the company. Finally, Barclays PLC reiterated an “overweight” rating and issued a GBX 1,165 ($14.42) price target on shares of Petrofac Limited in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 973.20 ($12.04).
Petrofac Limited (LON:PFC) opened at 935.00 on Thursday. The company’s market capitalization is GBX 3.18 billion. The firm has a 50-day moving average price of GBX 861.57 and a 200 day moving average price of GBX 820.95. Petrofac Limited has a 52-week low of GBX 635.00 and a 52-week high of GBX 1,016.09.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be paid a GBX 0.22 ($0.00) dividend. 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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