Trade Report: Today: Petrofac Ltd (POFCY) Coverage Initiated by Analysts at RBC Capital Markets

Today: Petrofac Ltd (POFCY) Coverage Initiated by Analysts at RBC Capital Markets

RBC Capital Markets started coverage on shares of Petrofac Ltd (NASDAQ:POFCY) in a research report report published on Tuesday, The Fly reports. The brokerage issued a sector perform rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Petrofac from a sell rating to a hold rating in a report on Wednesday, August 17th. Goldman Sachs Group Inc. upgraded shares of Petrofac from a neutral rating to a buy rating in a report on Wednesday, September 28th.

Petrofac (NASDAQ:POFCY) traded down 1.58% during mid-day trading on Tuesday, reaching $5.60. 2,316 shares of the company’s stock traded hands. Petrofac has a 52-week low of $4.45 and a 52-week high of $7.00. The company has a 50-day moving average of $5.52 and a 200-day moving average of $5.55. The company’s market capitalization is $3.81 billion.

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