Petrofac Limited (PFC) Given Consensus Rating of “Hold” by Brokerages

Shares of Petrofac Limited (LON:PFC) have earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 992.23 ($12.49).

A number of research analysts recently issued reports on the company. Morgan Stanley restated an “underweight” rating and set a GBX 820 ($10.32) price target on shares of Petrofac Limited in a research note on Monday, January 30th. BNP Paribas restated a “neutral” rating and set a GBX 830 ($10.45) price target on shares of Petrofac Limited in a research note on Friday, January 13th. Barclays PLC raised their price target on Petrofac Limited from GBX 1,250 ($15.73) to GBX 1,270 ($15.98) and gave the stock an “overweight” rating in a research note on Tuesday, January 17th. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,100 ($13.85) price target on shares of Petrofac Limited in a research note on Wednesday, January 11th. Finally, Deutsche Bank AG downgraded Petrofac Limited to a “sell” rating and dropped their price target for the stock from GBX 900 ($11.33) to GBX 775 ($9.75) in a research note on Wednesday, April 5th.

Petrofac Limited (LON:PFC) traded down 5.28% during trading on Friday, reaching GBX 825.50. The company’s stock had a trading volume of 3,582,101 shares. The stock’s market capitalization is GBX 2.81 billion. The stock has a 50 day moving average price of GBX 906.85 and a 200 day moving average price of GBX 879.62. Petrofac Limited has a 1-year low of GBX 635.00 and a 1-year high of GBX 978.50.

The business also recently announced a dividend, which will be paid on Friday, May 19th. Shareholders of record on Thursday, April 20th will be paid a €0.44 ($0.47) dividend. This is an increase from Petrofac Limited’s previous dividend of $0.22. This represents a dividend yield of 3.89%. The ex-dividend date is Thursday, April 20th.

TRADEMARK VIOLATION NOTICE: “Petrofac Limited (PFC) Given Consensus Rating of “Hold” by Brokerages” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2017/04/21/petrofac-limited-pfc-receives-average-rating-of-hold-from-brokerages-updated.html.

About Petrofac Limited

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.

Receive News & Ratings for Petrofac Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply