Todays Report: The Credit Suisse Group AG Reaffirms Outperform Rating for Petrofac Limited (PFC)

The Credit Suisse Group AG Reaffirms Outperform Rating for Petrofac Limited (PFC)

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.

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