Kepler Capital Markets Cuts Petrofac Limited (PFC) Price Target to GBX 600

Petrofac Limited (LON:PFC) had its price target trimmed by Kepler Capital Markets from GBX 700 ($9.44) to GBX 600 ($8.09) in a research report report published on Tuesday morning. The brokerage currently has a buy rating on the stock.

Other analysts have also issued reports about the company. Numis Securities Ltd restated a buy rating and issued a GBX 600 ($8.09) price target on shares of Petrofac Limited in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) boosted their price target on Petrofac Limited from GBX 559 ($7.54) to GBX 566 ($7.63) and gave the company a buy rating in a report on Thursday, September 14th. Societe Generale reaffirmed a buy rating and issued a GBX 530 ($7.15) target price on shares of Petrofac Limited in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a buy rating and issued a GBX 500 ($6.74) target price on shares of Petrofac Limited in a research report on Monday, June 26th. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Petrofac Limited in a research report on Wednesday, June 28th. Three equities 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 stock. Petrofac Limited has a consensus rating of Hold and a consensus price target of GBX 659.78 ($8.90).

Petrofac Limited (LON PFC) opened at 430.50 on Tuesday. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The firm’s market capitalization is GBX 1.46 billion. The firm has a 50-day moving average price of GBX 438.16 and a 200 day moving average price of GBX 600.52.

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The company also recently disclosed a dividend, which will be paid on Friday, October 20th. Stockholders of record on Thursday, September 21st will be issued a dividend of $0.13 per share. This represents a dividend 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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