Goldman Sachs Group Inc. upgraded shares of Petrofac Limited (LON:PFC) to a buy rating in a research report released on Wednesday morning. They currently have GBX 1,066 ($13.91) target price on the stock, up from their prior target price of GBX 912 ($11.90).
PFC has been the subject of several other reports. Canaccord Genuity raised shares of Petrofac Limited to a buy rating and increased their target price for the company from GBX 775 ($10.12) to GBX 850 ($11.10) in a research note on Tuesday, July 5th. Societe Generale raised shares of Petrofac Limited to a hold rating in a research note on Friday, July 22nd. Liberum Capital reissued a buy rating and set a GBX 1,000 ($13.05) target price on shares of Petrofac Limited in a research note on Wednesday, August 24th. Deutsche Bank AG started coverage on shares of Petrofac Limited in a research report on Wednesday, August 31st. They issued a hold rating and a GBX 900 ($11.75) price target for the company. Finally, Jefferies Group upgraded shares of Petrofac Limited to a buy rating and reduced their price target for the company from GBX 855 ($11.16) to GBX 835 ($10.90) in a research report on Wednesday, June 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. Petrofac Limited currently has a consensus rating of Hold and a consensus target price of GBX 955.70 ($12.47).
Petrofac Limited (LON:PFC) opened at 896.652 on Wednesday. The company’s 50 day moving average price is GBX 843.51 and its 200 day moving average price is GBX 819.75. The firm’s market capitalization is GBX 3.05 billion. Petrofac Limited has a 12 month low of GBX 635.00 and a 12 month high of GBX 1,016.09.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be paid a GBX 0.22 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 2.06%.
Petrofac Limited Company Profile
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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