Analysts at Nomura Reconfirmed their Past ‘”Buy”’ rating on Shares Petrofac Ltd (LON:PFC), Set a GBX 1080.00 PT


Petrofac Ltd (LON:PFC) Rating Reaffirmed

Petrofac Ltd (LON:PFC) just had their share rating of a ‘”Buy”‘ issued by research analysts at Nomura, who now has a GBX 1080.00 target PPS on the 2.69B GBP market cap company or a 37.23% upside potential. This key information was announced to investors in analysts note on Friday 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 19.6 while the lowest target price is GBX 11.7. The mean of all analyst targets is GBX 15.03 with a 28.47% above today’s (GBX 786.98) stock price. Petrofac Ltd was the topic of 56 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 8 with “Outperform” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 1400 target share price in a report from a November 27. Liberum Capital upgraded PFC stock in a recent report from December 4 to “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, Societe Generale maintained the stock with “Buy” rating in a report issued on a December 1.

The stock increased 1.02% or GBX 7.98 on December 10, striking GBX 786.98. Approximately 1.46M shares of stock traded hands or 3.55% up from the average. Petrofac Limited (LON:PFC) has declined 11.55% since May 14, 2015 and is downtrending. It has underperformed by 9.62% the S&P500.

Analysts at Nomura Reconfirmed their Past ‘

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 2.69 billion GBP.