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Petrofac Limited 6.8% Potential Decrease Indicated by Credit Suisse

Petrofac Limited with EPIC/TICKER (LON:PFC) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Credit Suisse. Petrofac Limited are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set a target price of 460 GBX on its stock. This is indicating the analyst believes there is a potential downside of -6.8% from today’s opening price of 493.3 GBX. Over the last 30 and 90 trading days the company share price has increased 72.5 points and increased 58.6 points respectively. The 1 year high for the share price is 955 GBX while the year low share price is currently 4.24 GBX.

Petrofac Limited has a 50 day moving average of 497.66 GBX and the 200 Day Moving Average price is recorded at 457.57. There are currently 345,912,679 shares in issue with the average daily volume traded being 3,365,759. Market capitalisation for LON:PFC is £1,695,836,909 GBP.