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.
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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.
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