Credit Suisse Has Just Reaffirmed GBX 570.00 Target Price Per Share on Petrofac Ltd (LON:PFC) stock, While They’ve Also Reiterated Their Neutral Rating

May 17, 2018 - By Hannah Black

Petrofac Limited (LON:PFC) Logo

Petrofac Ltd (LON:PFC) Rating Reaffirmed

They currently have a GBX 570.00 target price per share on Petrofac Ltd (LON:PFC). The target price by Credit Suisse would suggest a potential downside of -6.92 % from the company’s previous close. This has been disclosed to clients in an analyst report on 17 May.

Petrofac Limited (LON:PFC) Ratings Coverage

Among 8 analysts covering Petrofac Ltd. (LON:PFC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Petrofac Ltd. has GBX 720 highest and GBX 440 lowest target. GBX 645.50’s average target is 4.65% above currents GBX 616.8 stock price. Petrofac Ltd. had 19 analyst reports since December 14, 2017 according to SRatingsIntel. The firm has “Hold” rating by Kepler Cheuvreux given on Thursday, May 17. The company was maintained on Friday, February 2 by JP Morgan. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, May 16. Goldman Sachs maintained Petrofac Limited (LON:PFC) rating on Thursday, February 1. Goldman Sachs has “Buy” rating and GBX 648 target. The rating was maintained by Barclays Capital on Wednesday, January 17 with “Overweight”. Numis Securities maintained it with “Buy” rating and GBX 700 target in Monday, January 15 report. The firm has “Neutral” rating given on Thursday, December 14 by Credit Suisse. The firm has “Buy” rating by Numis Securities given on Friday, March 2. Kepler Cheuvreux maintained Petrofac Limited (LON:PFC) on Friday, March 23 with “Buy” rating. Jefferies upgraded Petrofac Limited (LON:PFC) rating on Tuesday, March 6. Jefferies has “Buy” rating and GBX 600 target.

The stock decreased 4.96% or GBX 32.2 during the last trading session, reaching GBX 616.8. About 6.99M shares traded or 116.37% up from the average. Petrofac Limited (LON:PFC) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Petrofac Limited, an oilfield service company, provides facilities solutions to the gas and oil production and processing industry worldwide. The company has market cap of 2.10 billion GBP. It operates through three divisions: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. It currently has negative earnings. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore gas and oil industry.

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