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Home / Support and Resistance / Petrofac Limited (PFC.L) 13-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Petrofac Limited (PFC.L) 13-01-20

Will Petrofac Limited (PFC.L) shares break below the 384p support zone, or will it return to highs of 455p (+16%)?

 

  • Currently trading around the 384p support at 391.1p (at time of writing).
  • The price has tested this level repeatedly. Traders should be mindful of stop-loss placement.
  • Highs of 455p have been seen in the recent past. Will we see this again? (+16%)
  • Shares -30% from 12-month highs; +4% from 12 month lows.

Latest News

07 Jan:  Rene Medori, Chairman, bought 5,080 shares in the firm on the 7th January 2020 at a price of 393.70p. This Director currently has 28,629 shares.

19 Dec:  JP Morgan Cazenove reiterates its neutral rating on Petrofac Ltd (PFC) and reduced the target price to 410p (from 450p).

19 Dec:  Kepler Cheuvreux has downgraded its rating on Petrofac Ltd (PFC) to hold (from buy) and reduced the target price to 420p  (from 610p).

18 Dec:  Oddo reiterates its neutral rating on Petrofac Ltd (PFC) and reduced the target price to 383p (from 400p).

18 Dec:  Societe Generale reiterates its buy rating on Petrofac Ltd (PFC) and reduced the target price to 595p (from 740p).

18 Dec:  Berenberg reiterates its hold rating on Petrofac Ltd (PFC) and reduced the target price to 420p (from 500p).

18 Dec:  Barclays Capital reiterates its overweight rating on Petrofac Ltd (PFC) and reduced the target price to 570p (from 600p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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