Petrofac Ltd (LON:PFC) Rating Reaffirmed
In analysts report published this morning, Mirabaud Securities maintained their “Buy” rating on Petrofac Ltd (LON:PFC) shares. The target price per share suggests a possible upside of 14.73% from firm’s last stock price.
From a total of 17 analysts covering Petrofac Ltd (LON:PFC) stock, 9 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 16.65 while the lowest target price is GBX 11.68. The mean of all analyst targets is GBX 14.77 with a 18.83% above today’s (GBX 837) stock price. Petrofac Ltd was the topic of 52 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 1 with “Buy” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 1000 target share price in a report from a November 16. Jefferies maintained PFC stock in a recent report from November 27 with “Hold” rating. JP Morgan maintained the rating on November 10. JP Morgan has a “Overweight” rating and a GBX 1008 price target on shares. Finally, Bernstein maintained the stock with “Outperform” rating in a report issued on a November 18.
Approximately 306,709 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 6.88% since May 6, 2015 and is downtrending. It has underperformed by 6.60% the S&P500.
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 2.92 billion GBP.