Petrofac Limited (OTCMKTS:POFCY – Get Rating) has received a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $155.00.
A number of analysts have commented on the stock. Exane BNP Paribas raised shares of Petrofac from a “neutral” rating to an “outperform” rating and set a GBX 140 ($1.82) price objective for the company in a research note on Friday, April 8th. Zacks Investment Research raised shares of Petrofac from a “sell” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Petrofac from GBX 160 ($2.08) to GBX 170 ($2.22) in a research report on Thursday.
POFCY stock opened at $0.78 on Friday. Petrofac has a one year low of $0.62 and a one year high of $1.23. The firm has a 50-day moving average of $0.75 and a two-hundred day moving average of $0.83.
Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).
- Get a free copy of the StockNews.com research report on Petrofac (POFCY)
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