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Vetr Inc. announced Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), bumping up its stock price target to $9.84 today

Yesterday Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded 0.65% higher at $9.33. Petroleo Brasileiro SA Petrobras (ADR)’s 50-day average is $9.31 and its two hundred day average is $7.51. With the last close up 24.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 20,068,082 shares of the stock were exchanged, down from an average trading volume of 22,893,600

In a report released on 10/3/2016 Vetr Inc. increased the stock price target of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to $9.84 reporting a possible upside of 0.05%.

Previously on 09/26/2016, Credit Suisse reported on Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) increased the target price from $8.60 to $11.00. At the time, this indicated a possible upside of 0.20%.

See Chart Below

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

Petroleo Brasileiro SA Petrobras (ADR) has a with a one year low of $2.71 and a one year high of $10.24 PBR’s total market value is presently $0.

In addition to Vetr Inc. reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $4.88 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

Petroleo Brasileiro S.A.-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. It operates in segments: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels, and Distribution. It carries out energy related activities, such as research, development, production, transport, distribution and trading of various forms of energy, as well as other related or similar activities. It owns and operates over three LNG terminals using approximately three Floating Storage and Regasification Units (FSRUs) in Guanabara Bay (State of Rio de Janeiro) with a send-out capacity of over 700 million cubic feet per day (mmcf/d), in Pecem (State of Ceara) in Northeastern Brazil and in the Todos os Santos Bay (State of Bahia).

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