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Credit Suisse Maintains Their Hold Rating on Petroleo Brasileiro SA- Petrobras (PBR)


Credit Suisse analyst Regis Cardoso maintained a Hold rating on Petroleo Brasileiro SA- Petrobras (PBR) yesterday and set a price target of $15. The company’s shares closed yesterday at $14.14.

According to TipRanks.com, Cardoso is ranked #3103 out of 5121 analysts.

Petroleo Brasileiro SA- Petrobras has an analyst consensus of Strong Buy, with a price target consensus of $18.50.

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Based on Petroleo Brasileiro SA- Petrobras’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.68 billion. In comparison, last year the company had a net profit of $84.59 million.

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Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas & Power; Biofuel; and Corporate.