Goldman Sachs Group, Inc. (The) reiterated their buy rating on shares of Petrofac Limited (LON:PFC) in a report issued on Wednesday morning. They currently have a GBX 1,065 ($13.27) target price on the stock.
Several other brokerages have also recently issued reports on PFC. Royal Bank Of Canada reaffirmed a sector performer rating and set a GBX 1,050 ($13.08) price objective on shares of Petrofac Limited in a research note on Tuesday, October 11th. Morgan Stanley reaffirmed an underweight rating and set a GBX 820 ($10.21) price objective on shares of Petrofac Limited in a research note on Monday, January 30th. BNP Paribas reaffirmed a neutral rating and set a GBX 830 ($10.34) price objective on shares of Petrofac Limited in a research note on Friday, January 13th. Raymond James Financial, Inc. reaffirmed a strong-buy rating and set a GBX 1,200 ($14.95) price objective on shares of Petrofac Limited in a research note on Monday, October 17th. Finally, Barclays PLC upped their price objective on shares of Petrofac Limited from GBX 1,250 ($15.57) to GBX 1,270 ($15.82) and gave the company an overweight rating in a research note on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Petrofac Limited currently has an average rating of Buy and a consensus price target of GBX 993.71 ($12.38).
Shares of Petrofac Limited (LON:PFC) opened at 891.827 on Wednesday. Petrofac Limited has a 1-year low of GBX 635.00 and a 1-year high of GBX 1,016.09. The company’s market cap is GBX 3.03 billion. The stock’s 50 day moving average is GBX 907.85 and its 200 day moving average is GBX 853.98.
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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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