Petrofac Ltd (LON:PFC) Rating Reaffirmed
Petrofac Ltd (LON:PFC) just had their share rating of a ‘”Buy”‘ issued by research analysts at Liberum, who now has a GBX 1302 target price per share on the 2.93B GBP market cap company or a 52.01% upside potential. This key information was announced to investors in a note on 4 December.
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 15.38% above today’s (GBX 859.5) stock price. Petrofac Ltd was the topic of 53 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Mirabaud Securities maintained shares on December 3 with “Buy” rating. Bernstein maintained shares with “Outperform” rating and GBX 1100 target share price in a report from a November 18. Citigroup maintained PFC stock in a recent report from November 30 with “Buy” rating. Canaccord Genuity maintained the rating on November 16. Canaccord Genuity has a “Hold” rating and a GBX 1000 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 27.
Approximately 612,457 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 0.78% since May 7, 2015 and is downtrending. It has outperformed by 2.01% 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 2.93 billion GBP.