Barclays Capital Keeps Petrofac Ltd (LON:PFC) As a Overweight; They Now Have a TP Of GBX 1400.00

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Petrofac Ltd (LON:PFC) Rating Reaffirmed

Expert analysts at Barclays Capital now has a GBX 1400.00 target on Petrofac Ltd (LON:PFC). Barclays Capital and their recent target provides a potential upside of 77.83% from the company’s current stock price. The rating has been disclosed in a very recent research note on Friday morning.

From a total of 14 analysts covering Petrofac Ltd (LON:PFC) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 1400 while the lowest target price is GBX 700. The mean of all analyst targets is GBX 994.64 with a 25.59% above today’s (GBX 792) stock price. Petrofac Ltd was the topic of 48 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 24 with “Overweight” rating. Goldman Sachs maintained shares with “Conviction Buy” rating and GBX 1186 target share price in a report from an October 20. Canaccord Genuity maintained PFC stock in a recent report from November 16 with “Hold” rating. BNP Paribas maintained the rating on October 12. BNP Paribas has a “Neutral” rating and a GBX 975 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on an October 22.

Approximately 167,968 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 8.64% since April 30, 2015 and is downtrending. It has underperformed by 7.28% the S&P500.

Barclays Capital Keeps Petrofac Ltd (LON:PFC) As a Overweight; They Now Have a TP Of GBX 1400.00

Petrofac Limited is an international service well-known provider to the gas and oil production and processing industry, with a diverse client portfolio, including various integrated, independent and national gas and oil companies. The company has a market cap of 2.75 billion GBP.

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