Petrofac Limited (PFC) Earns Buy Rating from Kepler Capital Markets

Kepler Capital Markets reiterated their buy rating on shares of Petrofac Limited (LON:PFC) in a research report report published on Thursday, August 31st. Kepler Capital Markets currently has a GBX 700 ($9.04) price target on the stock.

Several other research analysts also recently issued reports on PFC. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 600 ($7.75) price objective (down previously from GBX 775 ($10.01)) on shares of Petrofac Limited in a research note on Friday, May 19th. Barclays PLC reaffirmed an overweight rating on shares of Petrofac Limited in a research note on Friday, May 26th. Credit Suisse Group downgraded Petrofac Limited to a neutral rating and lowered their price objective for the company from GBX 1,125 ($14.53) to GBX 425 ($5.49) in a research note on Friday, May 26th. Royal Bank Of Canada downgraded Petrofac Limited to an underperform rating and lowered their price objective for the company from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a research note on Friday, May 26th. Finally, Canaccord Genuity lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Petrofac Limited has a consensus rating of Hold and an average target price of GBX 683.95 ($8.83).

Shares of Petrofac Limited (PFC) traded up 1.61% on Thursday, hitting GBX 447.80. 1,937,882 shares of the stock traded hands. The stock’s market cap is GBX 1.52 billion. Petrofac Limited has a 1-year low of GBX 345.20 and a 1-year high of GBX 978.50. The stock has a 50 day moving average of GBX 438.73 and a 200-day moving average of GBX 612.08.

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The firm also recently declared a dividend, which will be paid on Friday, October 20th. Shareholders 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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