Investor Outlook: Petrofac Ltd (LON:PFC) “Buy” Rating Has Been Reiterated by Analysts at Citigroup Today


Petrofac Ltd (LON:PFC) Rating Reaffirmed

Petrofac Ltd (LON:PFC) shares have had their “Buy” Rating has restated by investment advisers at Citigroup in analysts report sent to investors on Wednesday morning.

From a total of 19 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 21.2 while the lowest target price is GBX 11.76. The mean of all analyst targets is GBX 15.41 with a 23.23% above today’s (GBX 810) stock price. Petrofac Ltd was the topic of 63 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 16 with “Overweight” rating. Canaccord Genuity maintained shares with “Hold” rating and GBX 1000 target share price in a report from a December 14. S&P Research maintained PFC stock in a recent report from December 16 with “Buy” rating. Nomura maintained the rating on December 11. Nomura has a “Buy” rating and a GBX 1080 price target on shares. Finally, Morgan Stanley maintained the stock with “Underwt/Attractive” rating in a report issued on a December 15.

Approximately 394,463 shares of stock traded hands. Petrofac Limited (LON:PFC) has declined 8.37% since May 19, 2015 and is downtrending. It has underperformed by 5.75% the S&P500.

Investor Outlook: Petrofac Ltd (LON:PFC)

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 2.67 billion GBP.