Petrofac Ltd (LON:PFC)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a research note issued on Friday, American Banking News reports. They currently have a GBX 1,350 ($21.11) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential downside of 4.39% from the stock’s previous close.
Petrofac Ltd (LON:PFC) opened at 1405.00 on Friday. The stock’s 50-day moving average is GBX 1320. and its 200-day moving average is GBX 1352.. The company’s market cap is £4.791 billion.
A number of other firms have also recently commented on PFC. Analysts at Nomura cut their price target on shares of Petrofac Ltd (LON:PFC) from GBX 1,315 ($20.56) to GBX 1,300 ($20.33) in a research note to investors on Thursday, September 5th. They now have a “neutral” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “hold” rating on shares of Petrofac Ltd (LON:PFC) in a research note to investors on Wednesday, September 4th. They now have a GBX 1,370 ($21.42) price target on the stock. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of Petrofac Ltd (LON:PFC) in a research note to investors on Thursday, August 29th. They now have a GBX 1,600 ($25.02) price target on the stock.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,650.46 ($25.80).
Petrofac Limited is engaged in the provision of facilities solutions to the oil and gas production and processing industry.