Petrofac Ltd (LON:PFC) Just Hit With Downgrade From Kepler Capital Markets. Will Other Analysts Also Downgrade the Stock?

May 17, 2018 - By Bradley Stiles

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Petrofac Ltd (LON:PFC) Receives a Downgrade

Petrofac Ltd (LON:PFC)‘s stock was decreased to a solid Hold by research analysts at Kepler Capital Markets, who now has a target price per share of GBX 660.00. Their target is 7.39 % from PFC’s current share price.

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. Numis Securities maintained the stock with “Buy” rating in Friday, March 2 report. The firm has “Buy” rating given on Thursday, February 1 by Goldman Sachs. The stock has “Overweight” rating by JP Morgan on Wednesday, May 2. The firm has “Buy” rating given on Friday, March 23 by Kepler Cheuvreux. The stock has “Buy” rating by Kepler Cheuvreux on Friday, March 2. The stock of Petrofac Limited (LON:PFC) has “Buy” rating given on Tuesday, March 6 by Jefferies. The stock of Petrofac Limited (LON:PFC) earned “Buy” rating by Numis Securities on Monday, January 15. Kepler Cheuvreux maintained Petrofac Limited (LON:PFC) on Monday, May 14 with “Buy” rating. The rating was maintained by Kepler Cheuvreux with “Buy” on Friday, January 19. JP Morgan maintained the stock with “Overweight” rating in Friday, February 2 report.

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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