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Petrofac Limited 21.8% Potential Upside Indicated by JP Morgan Cazenove

Petrofac Limited with EPIC/TICKER (LON:PFC) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at JP Morgan Cazenove. Petrofac Limited are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set a target price of 660 GBX on its stock. This now indicates the analyst believes there is a possible upside of 21.8% from the opening price of 541.8 GBX. Over the last 30 and 90 trading days the company share price has increased 63.5 points and decreased 73 points respectively. The 52 week high for the stock is 679 GBX while the year low share price is currently 401.2 GBX.

Petrofac Limited has a 50 day moving average of 517.57 GBX and a 200 Day Moving Average share price is recorded at 585.68. There are currently 345,912,747 shares in issue with the average daily volume traded being 2,340,387. Market capitalisation for LON:PFC is £1,899,071,537 GBP.