Petrofac (LON:PFC) had its target price boosted by Numis Securities from GBX 600 ($8.14) to GBX 700 ($9.49) in a research note issued to investors on Monday morning. Numis Securities currently has a buy rating on the stock.
Several other equities research analysts have also recently commented on the stock. Credit Suisse Group raised their target price on shares of Petrofac from GBX 435 ($5.90) to GBX 440 ($5.97) and gave the stock a neutral rating in a research report on Thursday, December 14th. Kepler Capital Markets dropped their target price on shares of Petrofac from GBX 700 ($9.49) to GBX 600 ($8.14) and set a buy rating for the company in a research report on Tuesday, September 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 563.50 ($7.64).
Shares of Petrofac (LON:PFC) opened at GBX 545.60 ($7.40) on Monday. Petrofac has a 12-month low of GBX 4.24 ($0.06) and a 12-month high of GBX 955 ($12.95). The company has a market cap of $1,900.00 and a PE ratio of 4,546.67.
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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