Petrofac Limited (LON:PFC) had its price target decreased by HSBC from GBX 1,025 ($14.60) to GBX 900 ($12.82) in a report released on Tuesday, Market Beat reports. HSBC currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity reiterated a hold rating and issued a GBX 1,000 ($14.25) price target on shares of Petrofac Limited in a research note on Tuesday, September 29th. Sanford C. Bernstein reaffirmed an outperform rating and issued a GBX 1,100 ($15.67) target price on shares of Petrofac Limited in a report on Wednesday, September 30th. Barclays reiterated an overweight rating and issued a GBX 1,400 ($19.95) target price on shares of Petrofac Limited in a research note on Wednesday, September 30th. Jefferies Group began coverage on shares of Petrofac Limited in a report on Monday, October 5th. They set a hold rating and a GBX 777 ($11.07) price target on the stock. Finally, Natixis reissued a reduce rating and set a GBX 700 ($9.97) price target on shares of Petrofac Limited in a research report on Thursday, October 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 976.26 ($13.91).

Petrofac Limited (LON:PFC) traded up 1.15% on Tuesday, reaching GBX 791.50. 4,968,328 shares of the company traded hands. The stock’s market capitalization is GBX 2.69 billion. Petrofac Limited has a 1-year low of GBX 651.00 and a 1-year high of GBX 1,075.00. The stock’s 50-day moving average is GBX 751.25 and its 200-day moving average is GBX 810.86.

Petrofac Limited is an international service provider to the oil and gas production and processing industry, with a diverse client portfolio, including various integrated, independent and national oil and gas companies. The Company operates in four segments: Onshore Engineering & Construction, which delivers onshore engineering, procurement and construction (LON:PFC) to onshore oil and gas projects; Offshore Projects & Operations, which includes its Offshore Capital Projects service line, specializes in both offshore engineering and construction services, for greenfield and brownfield projects, and the provision of operations and maintenance support, onshore and offshore; Engineering & Consulting Services, which provides engineering services across the life cycle of oil and gas assets, and Integrated Energy Services, which provides an integrated service for hydrocarbon resource holders under commercial models that are aligned with their requirements.

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