Breaking: Bernstein Sticks With GBX 1100 Price Objective On Petrofac Ltd (LON:PFC) Shares, Sticks With Their Original Outperform Rating

Share

Petrofac Ltd (LON:PFC) Rating Reaffirmed

Petrofac Ltd (LON:PFC) just had their share rating of a ‘Outperform’ issued by research analysts at Bernstein, who now has a GBX 1100 target PPS on the 2.79B GBP market cap company or a 47.06% upside potential. This key information was revealed to clients and investors in analysts note on Tuesday morning.

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 32.42% above today’s (GBX 763.5) stock price. Petrofac Ltd was the topic of 55 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 7 with “Hold” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 1400 target share price in a report from a November 27. Mirabaud Securities maintained PFC stock in a recent report from December 3 with “Buy” rating. Bernstein maintained the rating on November 18. Bernstein has a “Outperform” rating and a GBX 1100 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a November 30.

Approximately 608,680 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 10.21% since May 11, 2015 and is downtrending. It has underperformed by 9.61% the S&P500.

Breaking: Bernstein Sticks With GBX 1100 Price Objective On Petrofac Ltd (LON:PFC) Shares, Sticks With Their Original Outperform Rating

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 2.79 billion GBP.

COMMENTS: