Petrofac Ltd Stock Rating Reaffirmed by JP Morgan Cazenove (PFC)

Petrofac Ltd (LON: PFC)‘s stock had its “overweight” rating restated by equities researchers at JP Morgan Cazenove in a report issued on Tuesday. They currently have a $33.08 (2215 GBX) target price on the stock.

Petrofac Ltd opened at 1500.00 on Tuesday. Petrofac Ltd has a 52-week low of GBX 1324.00 and a 52-week high of GBX 1784.00. The stock’s 50-day moving average is currently GBX 1579.. The company’s market cap is £5.106 billion.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Petrofac Ltd from $29.31 to $27.44 in a research note to investors on Thursday, March 7th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Petrofac Ltd in a research note to investors on Thursday, February 28th. They now have a $28.43 price target on the stock, up previously from $28.16. Finally, analysts at Nomura cut their price target on shares of Petrofac Ltd from $27.75 to $26.38 in a research note to investors on Thursday, February 28th. They now have a “buy” rating on the stock.

Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.

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