RBC Capital Markets initiated coverage on shares of Petrofac Ltd (NASDAQ:POFCY) in a research note published on Tuesday morning, The Fly reports. The brokerage issued a sector perform rating on the stock.
Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Petrofac from a sell rating to a hold rating in a report on Wednesday, August 17th. Goldman Sachs Group Inc. raised shares of Petrofac from a neutral rating to a buy rating in a report on Wednesday, September 28th.
Petrofac (NASDAQ:POFCY) opened at 5.70 on Tuesday. The stock’s 50 day moving average is $5.52 and its 200-day moving average is $5.56. Petrofac has a 52 week low of $4.45 and a 52 week high of $7.21. The stock’s market capitalization is $3.88 billion.
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