Several other research analysts have also recently issued reports on PFC. JPMorgan Chase & Co. dropped their target price on shares of Petrofac Limited from GBX 944 ($12.32) to GBX 913 ($11.92) and set an overweight rating on the stock in a report on Thursday, June 16th. Societe Generale upgraded shares of Petrofac Limited to a buy rating and lowered their price target for the company from GBX 1,036 ($13.52) to GBX 921 ($12.02) in a report on Wednesday, June 22nd. BNP Paribas restated a neutral rating and issued a GBX 830 ($10.83) price target on shares of Petrofac Limited in a report on Wednesday, June 22nd. Barclays PLC lowered their price target on shares of Petrofac Limited from GBX 1,250 ($16.32) to GBX 1,165 ($15.21) and set an overweight rating on the stock in a report on Friday, June 24th. Finally, Goldman Sachs Group Inc. restated a neutral rating and issued a GBX 953.50 ($12.45) price target on shares of Petrofac Limited in a report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 955.70 ($12.47).
Petrofac Limited (LON:PFC) opened at 934.00 on Monday. The stock’s market capitalization is GBX 3.18 billion. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The stock’s 50 day moving average is GBX 850.77 and its 200 day moving average is GBX 818.74.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be issued a dividend of GBX 0.22 ($0.00) per share. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, September 22nd.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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