Credit Suisse Group AG reaffirmed their outperform rating on shares of Petrofac Limited (LON:PFC) in a report issued on Friday. Credit Suisse Group AG currently has a GBX 1,100 ($13.61) price objective on the stock.
A number of other analysts have also recently commented on PFC. JPMorgan Chase & Co. cut their price target on shares of Petrofac Limited from GBX 944 ($11.68) to GBX 913 ($11.30) and set an overweight rating on the stock in a research report on Thursday, June 16th. Societe Generale upgraded shares of Petrofac Limited to a buy rating and dropped their price objective for the company from GBX 1,036 ($12.82) to GBX 921 ($11.40) in a report on Wednesday, June 22nd. BNP Paribas reiterated a neutral rating and set a GBX 830 ($10.27) price objective on shares of Petrofac Limited in a report on Wednesday, June 22nd. Barclays PLC dropped their price objective on shares of Petrofac Limited from GBX 1,250 ($15.47) to GBX 1,165 ($14.42) and set an overweight rating on the stock in a report on Friday, June 24th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating and set a GBX 953.50 ($11.80) price objective on shares of Petrofac Limited in a report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 973.20 ($12.04).
Petrofac Limited (LON:PFC) opened at 948.0145 on Friday. The company’s 50-day moving average price is GBX 857.32 and its 200-day moving average price is GBX 818.71. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The company’s market cap is GBX 3.22 billion.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 0.22 ($0.00) per share. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, September 22nd.