Petrofac (LON:PFC) Price Target Raised to GBX 700

Petrofac (LON:PFC) had its price target raised by Numis Securities from GBX 600 ($8.41) to GBX 700 ($9.81) in a report published on Monday, January 15th. Numis Securities currently has a buy rating on the stock.

Several other research firms also recently weighed in on PFC. Kepler Capital Markets dropped their target price on shares of Petrofac from GBX 700 ($9.81) to GBX 600 ($8.41) and set a buy rating for the company in a research report on Tuesday, September 19th. Credit Suisse Group boosted their target price on shares of Petrofac from GBX 435 ($6.10) to GBX 440 ($6.17) and gave the stock a neutral rating in a research report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 569.88 ($7.99).

Shares of Petrofac (LON PFC) traded down GBX 8.70 ($0.12) during mid-day trading on Monday, hitting GBX 408.10 ($5.72). 4,826,784 shares of the stock were exchanged, compared to its average volume of 2,550,000. Petrofac has a fifty-two week low of GBX 4.24 ($0.06) and a fifty-two week high of GBX 955 ($13.39). The stock has a market cap of $1,410.00 and a P/E ratio of 3,400.83.

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Petrofac Company Profile

Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.

Analyst Recommendations for Petrofac (LON:PFC)

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