Petroleo Brasileiro S.A.- Petrobras (PBR) Rating Reiterated by Credit Suisse Group

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)‘s stock had its “buy” rating reissued by Credit Suisse Group in a research report issued on Friday.

Several other analysts have also commented on PBR. ValuEngine raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. BidaskClub lowered Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Tuesday, July 11th. Barclays PLC reaffirmed an “underweight” rating and set a $8.00 target price (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, July 12th. Finally, TheStreet raised Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.51.

Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 10.08 on Friday. The stock’s market capitalization is $65.74 billion. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $7.61 and a 52-week high of $12.56. The stock’s 50 day moving average price is $9.13 and its 200-day moving average price is $9.00.

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A number of hedge funds have recently bought and sold shares of the business. IHT Wealth Management LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $103,000. Friedberg Investment Management acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $164,000. Janus Henderson Group PLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $44,588,000. Capital International Investors increased its stake in Petroleo Brasileiro S.A.- Petrobras by 0.4% during the second quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock worth $33,628,000 after acquiring an additional 15,258 shares during the last quarter. Finally, GLG Partners LP acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $831,000. 5.71% of the stock is owned by institutional investors.

About Petroleo Brasileiro S.A.- Petrobras

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