Credit Suisse reported on Petrofac Ltd (LON:PFC), renewing its target at 1,100.00GBX earlier today
- Updated: October 8, 2016
Credit Suisse hold steady the target of Petrofac Ltd (LON:PFC) at 1,100.00GBX stating a potential upside of 0.22%.
On Wednesday September 28, 2016, Goldman Sachs released a statement on Petrofac Ltd (LON:PFC) bumped up the target price from 912.00GBX to 1,066.00GBX that suggested an upside of 0.28%.
Boasting a price of 902.50GBX, Petrofac Ltd (LON:PFC) traded 2.63% higher on the day. With the last close up 14.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Petrofac Ltd has recorded a 50-day average of 853.15GBX and a two hundred day average of 819.55GBX. Volume of trade was up over the average, with 2,584,408 shares of PFC changing hands over the typical 1,355,340
With a total market value of 0 GBX, Petrofac Ltd has with a one year low of 635.00GBX and a one year high of 1,016.09GBX .
A total of 16 equity analysts have released a ratings update on PFC. Two equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, seven equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 12.22GBX.
Brief Synopsis About Petrofac Ltd (LON:PFC)
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle. The Company operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services (IES) business. The Engineering & Construction segment includes its lump-sum activities onshore and offshore. The Engineering & Production Services segment includes all of its reimbursable engineering and production services activities. The Integrated Energy Services business is focused on delivering value from the Company's existing IES asset portfolio. The Company has a diverse customer portfolio, including various integrated, independent and national oil and gas companies.
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