Petrofac Limited (LON:PFC) Receives GBX 589.50 Consensus Target Price from Analysts

Petrofac Limited (LON:PFC) has been assigned an average rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 595.11 ($7.78).

A number of research firms recently weighed in on PFC. Berenberg Bank restated a “buy” rating and set a GBX 1,350 ($17.64) target price on shares of in a research note on Tuesday, June 25th. Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price on shares of General Motors in a research note on Tuesday, March 26th. Jefferies Financial Group reaffirmed a “hold” rating on shares of COMPASS GRP PLC/S in a report on Tuesday, April 9th. Credit Suisse Group set a €38.00 ($44.19) price target on Dialog Semiconductor and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $2.50 price target on shares of in a report on Thursday.

Shares of PFC stock traded up GBX 0.20 ($0.00) during trading hours on Tuesday, reaching GBX 405.20 ($5.29). 1,261,961 shares of the stock were exchanged, compared to its average volume of 3,540,000. The stock has a fifty day moving average price of GBX 422.88. The company has a debt-to-equity ratio of 107.73, a current ratio of 1.14 and a quick ratio of 1.02. Petrofac has a 12-month low of GBX 376.40 ($4.92) and a 12-month high of GBX 679 ($8.87). The stock has a market cap of $1.40 billion and a price-to-earnings ratio of 21.78.

In other news, insider Alastair Cochran acquired 3,029 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was acquired at an average cost of GBX 410 ($5.36) per share, with a total value of £12,418.90 ($16,227.49). Also, insider Andrea Abt acquired 1,141 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average cost of GBX 438 ($5.72) per share, with a total value of £4,997.58 ($6,530.22).

About Petrofac

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.

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Analyst Recommendations for Petrofac (LON:PFC)

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