Petrofac Limited (LON:PFC) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 554.40 ($7.52).
A number of equities analysts recently issued reports on the stock. Kepler Capital Markets decreased their price target on shares of Petrofac from GBX 700 ($9.49) to GBX 600 ($8.14) and set a “buy” rating for the company in a research note on Tuesday, September 19th. Credit Suisse Group increased their price target on shares of Petrofac from GBX 435 ($5.90) to GBX 440 ($5.97) and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Finally, Goldman Sachs Group increased their price target on shares of Petrofac from GBX 559 ($7.58) to GBX 566 ($7.68) and gave the stock a “buy” rating in a research note on Thursday, September 14th.
Shares of Petrofac (PFC) opened at GBX 544.68 ($7.39) on Friday. The firm has a market cap of $1,820.00 and a PE ratio of 4,189.82. Petrofac has a 1-year low of GBX 4.24 ($0.06) and a 1-year high of GBX 955 ($12.95).
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Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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