Petrofac Limited 19.1% Potential Upside Indicated by HSBC

Broker Ratings

Petrofac Limited with EPIC/TICKER (LON:PFC) has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘BUY’ today by analysts at HSBC. Petrofac Limited are listed in the Oil & Gas sector within UK Main Market. HSBC have set their target price at 665 GBX on its stock. This would imply the analyst believes there is now a potential upside of 19.1% from today’s opening price of 558.4 GBX. Over the last 30 and 90 trading days the company share price has increased 104.9 points and decreased 1.6 points respectively. The 1 year high for the share price is 679 GBX while the year low share price is currently 401.2 GBX.

Petrofac Limited has a 50 day moving average of 511.20 GBX and the 200 Day Moving Average price is recorded at 585.68. There are currently 345,912,747 shares in issue with the average daily volume traded being 2,164,444. Market capitalisation for LON:PFC is £1,905,979,235 GBP.

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