Jefferies downgrades Petrofac to Hold

Jefferies downgrades Petrofac to Hold

A Jefferies analyst downgraded Petrofac (LON: PFC) from Buy to Hold with a price target of $0.70 from a prior price target of GBP1.60.

Prior to this rating, Petrofac had 5 buy ratings, 5 hold ratings, and 1 sell ratings.

For consensus analyst estimates and price targets on Petrofac, click here. For more news on Petrofac, click here.

Petrofac's stock price closed at $79.05. They are down -1.06% in the last month and down -28.65% in the last 12 months.

According to Investing Pro, Petrofac's fair value is $0.95, a downside of -20.25%. Petrofac's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out Petrofac's recent earnings performance and financials here.

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