Petrofac (LON:PFC) PT Raised to GBX 648

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).

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/19/goldman-sachs-group-raises-petrofac-pfc-price-target-to-gbx-648.html.

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.

Analyst Recommendations for Petrofac (LON:PFC)

Receive News & Ratings for Petrofac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply