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Petrofac Limited 12.6% Potential Upside Indicated by Morgan Stanley

Petrofac Limited using EPIC/TICKER code (LON:PFC) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERWEIGHT’ today by analysts at Morgan Stanley. Petrofac Limited are listed in the Oil & Gas sector within UK Main Market. Morgan Stanley have set a target price of 720 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.6% from today’s opening price of 639.6 GBX. Over the last 30 and 90 trading days the company share price has increased 81.2 points and increased 216 points respectively. The 52 week high for the stock is 705 GBX while the 52 week low for the stock is 345.2 GBX.

Petrofac Limited has a 50 day moving average of 561.36 GBX and a 200 day moving average of 486.11. There are currently 346,102,492 shares in issue with the average daily volume traded being 2,884,272. Market capitalisation for LON:PFC is £2,261,433,767 GBP.