Credit Suisse Group Reaffirms Neutral Rating for Petrofac Limited (PFC)

Credit Suisse Group reaffirmed their neutral rating on shares of Petrofac Limited (LON:PFC) in a report issued on Wednesday morning. The brokerage currently has a GBX 500 ($6.51) target price on the stock.

Other research analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a buy rating and issued a GBX 500 ($6.51) price objective on shares of Petrofac Limited in a report on Monday, June 26th. Goldman Sachs Group, Inc. (The) dropped their price objective on shares of Petrofac Limited from GBX 1,020 ($13.28) to GBX 584 ($7.61) and set a buy rating for the company in a report on Friday, June 23rd. Kepler Capital Markets initiated coverage on shares of Petrofac Limited in a report on Friday, June 9th. They issued a buy rating and a GBX 700 ($9.12) price objective for the company. Numis Securities Ltd restated a buy rating and issued a GBX 600 ($7.81) price objective on shares of Petrofac Limited in a report on Wednesday, June 28th. Finally, Morgan Stanley upgraded shares of Petrofac Limited to an equal weight rating and lifted their price objective for the company from GBX 400 ($5.21) to GBX 475 ($6.19) in a report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Petrofac Limited currently has an average rating of Hold and an average target price of GBX 691.39 ($9.00).

Shares of Petrofac Limited (PFC) opened at 442.20 on Wednesday. Petrofac Limited has a 12 month low of GBX 345.20 and a 12 month high of GBX 978.50. The stock has a 50 day moving average of GBX 451.97 and a 200 day moving average of GBX 689.21. The stock’s market cap is GBX 1.50 billion.

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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.

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