Petroleo Brasileiro S.A.- Petrobras (PBR) Receives Price Target

Petroleo Brasileiro S.A.- Petrobras (PBR) : Currently there are 7 street experts covering Petroleo Brasileiro S.A.- Petrobras (PBR) stock. The most bullish and bearish price target for the stock is $17 and $3 respectively for the short term. The average price target of all the analysts comes to $9.54. The estimated standard deviation from the target is $4.13.

Petroleo Brasileiro S.A.- Petrobras (PBR) : 1 brokerage houses believe that Petroleo Brasileiro S.A.- Petrobras (PBR) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Petroleo Brasileiro S.A.- Petrobras (PBR). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Sell with a rating of 3.64.


Also, Equity Analysts at the Brokerage Firm, Credit Suisse, upgrades their rating on the shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). Credit Suisse has a Neutral rating on the shares. Previously, the analysts had a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $8.6 per share from a prior target of $2. The rating by the firm was issued on August 26, 2016.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.16 and $8.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.22, notching a gain of 0.88% for the day. The total traded volume was 18,160,329 . The stock had closed at $9.14 on the previous day.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.

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