Petrofac Limited’s (PFC) Buy Rating Reaffirmed at Numis Securities Ltd

Numis Securities Ltd reissued their buy rating on shares of Petrofac Limited (LON:PFC) in a report released on Tuesday morning. The firm currently has a GBX 600 ($7.75) target price on the stock.

PFC has been the subject of several other research reports. Canaccord Genuity decreased their target price on Petrofac Limited from GBX 950 ($12.27) to GBX 475 ($6.13) and set a hold rating for the company in a research note on Friday, May 26th. Goldman Sachs Group, Inc. (The) decreased their target price on Petrofac Limited from GBX 1,020 ($13.17) to GBX 584 ($7.54) and set a buy rating for the company in a research note on Friday, June 23rd. Sanford C. Bernstein restated an underperform rating and set a GBX 370 ($4.78) target price on shares of Petrofac Limited in a research note on Thursday, July 6th. Royal Bank Of Canada cut Petrofac Limited to an underperform rating and decreased their target price for the stock from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a research note on Friday, May 26th. Finally, J P Morgan Chase & Co restated an overweight rating and set a GBX 570 ($7.36) target price on shares of Petrofac Limited in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 683.95 ($8.83).

Petrofac Limited (LON:PFC) opened at 441.00 on Tuesday. The firm’s market cap is GBX 1.50 billion. The stock’s 50 day moving average is GBX 439.33 and its 200 day moving average is GBX 616.16. Petrofac Limited has a 12-month low of GBX 345.20 and a 12-month high of GBX 978.50.

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The company also recently declared a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.13 per share. This represents a yield of 2.43%. The ex-dividend date of this dividend is Thursday, September 21st.

Petrofac Limited 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 Limited (LON:PFC)

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