Petrofac (OTCMKTS:POFCY) PT Raised to GBX 180 at JPMorgan Chase & Co.

Petrofac (OTCMKTS:POFCYGet Rating) had its price target hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 170 ($2.10) to GBX 180 ($2.22) in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts also recently weighed in on POFCY. Zacks Investment Research raised Petrofac from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research report on Tuesday, May 3rd. Berenberg Bank raised Petrofac from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. The Goldman Sachs Group started coverage on Petrofac in a research report on Thursday, May 5th. They issued a “buy” rating for the company. Finally, Exane BNP Paribas raised Petrofac from a “neutral” rating to an “outperform” rating and set a GBX 140 ($1.73) price target for the company in a report on Friday, April 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $107.00.

Petrofac stock remained flat at $$0.92 during trading on Monday. The company had a trading volume of 61 shares, compared to its average volume of 5,315. The stock has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $0.80. Petrofac has a 52-week low of $0.62 and a 52-week high of $1.23. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 1.58.

Petrofac Company Profile (Get Rating)

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).

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