Letko Brosseau & Associates Boosted Blackberry LTD (BBRY) Stake; Profile of 15 Analysts Covering Petrofac Limited (LON:PFC)

July 7, 2017 - By Winifred Garcia

Among 26 analysts covering Petrofac Ltd (LON:PFC), 15 have Buy rating, 3 Sell and 8 Hold. Therefore 58% are positive. Petrofac Ltd had 205 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was downgraded by Jefferies on Thursday, September 15 to “Hold”. On Thursday, February 25 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Petrofac Limited (LON:PFC) earned “Buy” rating by Nomura on Tuesday, September 1. The stock of Petrofac Limited (LON:PFC) earned “Outperform” rating by Bernstein on Monday, February 8. The stock of Petrofac Limited (LON:PFC) earned “Overweight” rating by Barclays Capital on Wednesday, February 17. The firm earned “Hold” rating on Tuesday, December 13 by Jefferies. Liberum Capital maintained it with “Buy” rating and GBX 1012 target in Friday, March 11 report. Credit Suisse maintained it with “Outperform” rating and GBX 1125 target in Wednesday, April 19 report. Bernstein maintained Petrofac Limited (LON:PFC) on Friday, November 6 with “Outperform” rating. The company was maintained on Tuesday, December 6 by Barclays Capital. See Petrofac Limited (LON:PFC) latest ratings:

30/06/2017 Broker: Kepler Cheuvreux Rating: Buy Old Target: GBX 700.00 New Target: GBX 700.00 Maintain
28/06/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: GBX 400.00 New Target: GBX 475.00 Upgrade
28/06/2017 Broker: Citigroup Rating: Neutral New Target: GBX 440.00 Maintain
28/06/2017 Broker: Raymond James Rating: Market Perform Maintain
28/06/2017 Broker: Numis Securities Rating: Buy New Target: GBX 600.00 Reinitiate
28/06/2017 Broker: Kepler Cheuvreux Rating: Buy Old Target: GBX 700.00 New Target: GBX 700.00 Maintain
28/06/2017 Broker: Goldman Sachs Rating: Buy Old Target: GBX 584.00 New Target: GBX 572.00 Maintain
26/06/2017 Broker: Jefferies Rating: Buy Old Target: GBX 500.00 New Target: GBX 500.00 Maintain
23/06/2017 Broker: Goldman Sachs Rating: Buy Old Target: GBX 1020.00 New Target: GBX 584.00 Maintain
15/06/2017 Broker: Jefferies Rating: Buy Old Target: GBX 835.00 New Target: GBX 500.00 Upgrade

Letko Brosseau & Associates Inc increased Blackberry Ltd (BBRY) stake by 9.32% reported in 2016Q4 SEC filing. Letko Brosseau & Associates Inc acquired 290,900 shares as Blackberry Ltd (BBRY)’s stock rose 38.58%. The Letko Brosseau & Associates Inc holds 3.41M shares with $23.48 million value, up from 3.12 million last quarter. Blackberry Ltd now has $5.14B valuation. The stock rose 1.44% or $0.14 reaching $9.85 per share. About 2.88 million shares traded. BlackBerry Ltd (NASDAQ:BBRY) has risen 55.16% since July 7, 2016 and is uptrending. It has outperformed by 38.46% the S&P500.

Among 21 analysts covering Blackberry (NASDAQ:BBRY), 2 have Buy rating, 3 Sell and 16 Hold. Therefore 10% are positive. Blackberry had 50 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, December 21 by JP Morgan. The firm has “Neutral” rating by M Partners given on Friday, December 18. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, September 29 report. The company was maintained on Thursday, December 22 by Imperial Capital. The stock of BlackBerry Ltd (NASDAQ:BBRY) has “Sector Perform” rating given on Monday, April 4 by RBC Capital Markets. The rating was upgraded by Morgan Stanley to “Equal Weight” on Tuesday, July 28. RBC Capital Markets maintained the shares of BBRY in report on Thursday, June 15 with “Hold” rating. The stock has “Underperform” rating by Macquarie Research on Wednesday, May 18. JP Morgan maintained it with “Neutral” rating and $8 target in Monday, April 4 report. The firm has “Hold” rating by M Partners given on Friday, September 4.

Letko Brosseau & Associates Inc decreased Precision Drilling Corp stake by 112,000 shares to 3.49 million valued at $19.05 million in 2016Q4. It also reduced Comcast Corp New (NASDAQ:CMCSA) stake by 204,747 shares and now owns 2.09 million shares. General Electric Co (NYSE:GE) was reduced too.

Petrofac Limited is a service provider to the gas and oil production and processing industry. The company has market cap of 1.52 billion GBP. The Firm creates and manufactures gas and oil facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects. It has a 1961.33 P/E ratio. The Firm operates through three divisions: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services business.