Petrofac Ltd (LON:PFC) Rating Reaffirmed
The brokerage firm has just set a price target of GBX 870 on Petrofac Ltd (LON:PFC) shares. This is 13.21% from the last stock price. In a recent report announced on 15 December, Morgan Stanley maintained their Underwt/Attractive rating on shares of PFC.
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 19.76 while the lowest target price is GBX 11.79. The mean of all analyst targets is GBX 15.15 with a 31.31% above today’s (GBX 770) stock price. Petrofac Ltd was the topic of 58 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 14 with “Hold” rating. Mirabaud Securities maintained shares with “Buy” rating and GBX 950 target share price in a report from a December 3. Bernstein maintained PFC stock in a recent report from December 8 with “Outperform” rating. Societe Generale maintained the rating on December 1. Societe Generale has a “Buy” rating and a GBX 1019 price target on shares. Finally, Liberum Capital upgraded the stock to “Buy” rating in a report issued on a December 4.
Approximately 563,460 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 13.72% since May 18, 2015 and is downtrending. It has underperformed by 10.04% 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 2.66 billion GBP.