Zacks: Petrofac Ltd (POFCY) Given Average Recommendation of “Hold” by Analysts

Shares of Petrofac Ltd (NASDAQ:POFCY) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Petrofac’s rating score has declined by 200% in the last three months as a result of various analysts’ ratings changes.

Zacks has also given Petrofac an industry rank of 190 out of 265 based on the ratings given to related companies.

A number of equities analysts have recently issued reports on POFCY shares. Goldman Sachs Group Inc. raised Petrofac from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 28th. Zacks Investment Research downgraded Petrofac from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Finally, RBC Capital Markets started coverage on Petrofac in a research report on Tuesday, October 11th. They set a “sector perform” rating on the stock.

Petrofac (NASDAQ:POFCY) opened at 5.50 on Friday. Petrofac has a 12 month low of $4.45 and a 12 month high of $7.00. The stock’s market cap is $3.74 billion. The firm has a 50-day moving average price of $5.52 and a 200-day moving average price of $5.53.

5 Day Chart for NASDAQ:POFCY

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