Credit Suisse downgraded shares of Petroleo Brasileiro SA (NYSE:PBR) from an outperform rating to an underperform rating in a research note released on Monday morning, TheFlyOnTheWall.com reports. They currently have $14.00 target price on the stock, down from their previous target price of $25.00. The analysts noted that the move was a valuation call.
Shares of Petroleo Brasileiro SA (NYSE:PBR) traded down 0.63% during mid-day trading on Monday, hitting $14.11. The stock had a trading volume of 11,359,567 shares. Petroleo Brasileiro SA has a one year low of $12.03 and a one year high of $20.63. The stock has a 50-day moving average of $16.51 and a 200-day moving average of $15.37. The company has a market cap of $92.029 billion and a price-to-earnings ratio of 7.53. Petroleo Brasileiro SA also saw some unusual options trading activity on Monday. Stock traders purchased 23,558 put options on the company. This represents an increase of approximately 125% compared to the typical daily volume of 10,465 put options.
Separately, analysts at Zacks upgraded shares of Petroleo Brasileiro SA from an underperform rating to a neutral rating in a research note to investors on Monday, November 4th. They now have a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $18.70.
Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.
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