Breaking: Jefferies Reconfirms GBX 777.00 Target Price per Share On Petrofac Ltd (LON:PFC) Shares, Reconfirms Their Original “Hold” Rating

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Petrofac Ltd (LON:PFC) Rating Reaffirmed

The brokerage has just set a target price per share of GBX 777.00 on Petrofac Ltd (LON:PFC) shares. This is -1.58% from the closing share price. In an interesting research report revealed to clients on 27 November, Jefferies kept steady their “Hold” rating on shares of PFC.

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 25.71% above today’s (GBX 791.2) stock price. Petrofac Ltd was the topic of 50 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 27 with “Hold” rating. Goldman Sachs maintained shares with “Conviction Buy” rating and GBX 1186 target share price in a report from an October 20. Bernstein maintained PFC stock in a recent report from November 18 with “Outperform” rating. BNP Paribas maintained the rating on October 12. BNP Paribas has a “Neutral” rating and a GBX 975 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 10.

The stock decreased 0.91% or GBX 7.3 on November 27, striking GBX 791.2. Approximately 793,447 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 8.91% since May 1, 2015 and is downtrending. It has underperformed by 8.02% the S&P500.

Breaking: Jefferies Reconfirms GBX 777.00 Target Price per Share On Petrofac Ltd (LON:PFC) Shares, Reconfirms Their Original

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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