Barclays PLC Analysts Give Petroleo Brasileiro S.A.- Petrobras (PBR) a $10.00 Price Target

Barclays PLC set a $10.00 price objective on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a report published on Tuesday morning. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a research note on Thursday, August 17th. BidaskClub cut shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a sell rating in a research report on Wednesday, August 16th. Raymond James Financial, Inc. reiterated a market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Tuesday, August 15th. TheStreet upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a research report on Monday, August 7th. Finally, Zacks Investment Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $10.36.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded up 1.587% on Tuesday, hitting $10.565. 8,308,150 shares of the stock traded hands. The stock has a 50-day moving average of $9.95 and a 200-day moving average of $9.10. The firm’s market cap is $68.91 billion. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56.

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A number of large investors have recently modified their holdings of PBR. IHT Wealth Management LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $103,000. D.A. Davidson & CO. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 276.6% during the 2nd quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after acquiring an additional 9,843 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth about $110,000. Jacobi Capital Management LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 585.5% during the 1st quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock worth $113,000 after acquiring an additional 9,895 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $118,000. 5.71% of the stock is currently owned by hedge funds and other institutional investors.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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