Petrofac Ltd (LON:PFC) Rating Reaffirmed
In recent note issued to investors and clients on Monday morning, The Hold rating of Petrofac Ltd (LON:PFC) shares was kept steady by Analysts at Jefferies, who now has a GBX 777 price target on the stock. Jefferies’s price target would now indicate a possible upside of 1.97% from the last stock close price of the company.
From a total of 18 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 19.72 while the lowest target price is GBX 11.77. The mean of all analyst targets is GBX 15.14 with a 30.71% above today’s (GBX 773.5) stock price. Petrofac Ltd was the topic of 54 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Liberum Capital upgraded shares on December 4 to “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 1400 target share price in a report from a November 27. Societe Generale maintained PFC stock in a recent report from December 1 with “Buy” rating. Bernstein maintained the rating on November 18. Bernstein has a “Outperform” rating and a GBX 1100 price target on shares. Finally, Jefferies maintained the stock with “Hold” rating in a report issued on a November 27.
Approximately 822,010 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 5.15% since May 8, 2015 and is downtrending. It has underperformed by 4.07% 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 2.56 billion GBP.