PBF Energy Inc (NYSE:PBF) price target reduced to $19.00, issued a ratings update earlier today by Barclays Capital
- Updated: October 10, 2016
Barclays Capital dropped the stock price target of PBF Energy Inc (NYSE:PBF) to $19.00 reporting a possible downside of -0.12%.
On Thursday September 15, 2016, Deutsche Bank released a statement for PBF Energy Inc (NYSE:PBF) dropped the target price from $28.00 to $27.00. At the time, this indicated a possible upside of 0.24%.
Boasting a price of $21.50, PBF Energy Inc (NYSE:PBF) traded -0.83% lower on the day. With the last stock price down -16.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $22.38 and a two hundred day average of $25.85. Volume of trade was down over the average, with 760,650 shares of PBF changing hands under the typical 2,476,570
PBF Energy Inc has one year low of $20.57 and a 52 week high of $41.75 and has a market capitalization of $0.
A total of 13 firms have reported on the stock. 5 equity analysts rating the company a strong buy, 6 firms rating the stock a buy, six analysts rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $35.85.
More About PBF Energy Inc (NYSE:PBF)
PBF Energy Inc. (PBF Energy) is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The Company operates through two segments: Refining and Logistics. The Refining segment produces a range of products at each of its refineries, including gasoline, ultra-low-sulfur diesel (ULSD), heating oil, jet fuel, lubricants, petrochemicals and asphalt. The Logistics segment includes PBF Logistics LP (PBFX), which engages in the receiving, handling and transferring of crude oil and the receipt, storage and delivery of crude oil, refined products and intermediates. It sells its products throughout the Northeast, Midwest and Gulf Coast of the United States, as well as in other regions of the United States and Canada, and ships products to other international destinations.
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