Petrofac (LON:PFC) had its price objective increased by equities researchers at Goldman Sachs Group from GBX 575 ($7.94) to GBX 648 ($8.95) in a research report issued on Thursday, February 1st. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 55.43% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. Credit Suisse Group raised their price target on shares of Petrofac from GBX 435 ($6.01) to GBX 440 ($6.08) and gave the stock a “neutral” rating in a research note on Thursday, December 14th. Kepler Capital Markets reissued a “buy” rating and set a GBX 600 ($8.29) target price on shares of Petrofac in a research report on Friday, January 19th. Barclays reissued an “overweight” rating and set a GBX 600 ($8.29) target price on shares of Petrofac in a research report on Wednesday, January 17th. Finally, Numis Securities raised their target price on shares of Petrofac from GBX 600 ($8.29) to GBX 700 ($9.67) and gave the company a “buy” rating in a research report on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Petrofac has an average rating of “Hold” and a consensus price target of GBX 569.88 ($7.87).
Petrofac (LON:PFC) traded up GBX 1.90 ($0.03) during mid-day trading on Thursday, reaching GBX 416.90 ($5.76). 1,611,370 shares of the company traded hands, compared to its average volume of 2,750,000. The stock has a market cap of $1,460.00 and a P/E ratio of 3,474.17. Petrofac has a 52 week low of GBX 4.24 ($0.06) and a 52 week high of GBX 955 ($13.19).
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Petrofac Company Profile
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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