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Credit Suisse Sticks to Its Hold Rating for Petroleo Brasileiro SA- Petrobras (PBR)


Credit Suisse analyst Regis Cardoso maintained a Hold rating on Petroleo Brasileiro SA- Petrobras (NYSE: PBR) yesterday and set a price target of $15. The company’s shares closed yesterday at $14.86.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Petroleo Brasileiro SA- Petrobras with a $16.38 average price target.

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The company has a one-year high of $17.14 and a one-year low of $9.00. Currently, Petroleo Brasileiro SA- Petrobras has an average volume of 24.66M.

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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.