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Petrofac Limited 28.2% Potential Upside Indicated by JP Morgan Cazenove

Petrofac Limited using EPIC/TICKER code (LON:PFC) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ 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 their target price at 500 GBX on its stock. This would imply the analyst believes there is now a potential upside of 28.2% from the opening price of 390 GBX. Over the last 30 and 90 trading days the company share price has decreased 144.6 points and decreased 166 points respectively. The 1 year high for the stock price is 679 GBX while the 52 week low is 379.7 GBX.

Petrofac Limited has a 50 day moving average of 515.69 GBX and a 200 Day Moving Average share price is recorded at 580.70. There are currently 345,912,747 shares in issue with the average daily volume traded being 2,079,203. Market capitalisation for LON:PFC is £1,390,915,176 GBP.