Petroleo Brasileiro S.A.- Petrobras American Depositary Shares has a consensus price target of $16.51 based on the ratings of 12 analysts. The high is $18 issued by HSBC on March 25, 2024. The low is $14 issued by Citigroup on August 10, 2023. The 3 most-recent analyst ratings were released by B of A Securities, Jefferies, and UBS on June 27, 2024, May 15, 2024, and March 25, 2024, respectively. With an average price target of $17.67 between B of A Securities, Jefferies, and UBS, there's an implied 32.63% upside for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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06/27/2024 | Buy Now | 34.38% | B of A Securities | Caio Ribeiro | $16.8 → $17.9 | Upgrade | Neutral → Buy | Get Alert |
05/15/2024 | Buy Now | 32.88% | Jefferies | Alejandro Demichelis | $21.2 → $17.7 | Downgrade | Buy → Hold | Get Alert |
03/25/2024 | Buy Now | 30.63% | UBS | Luiz Carvalho | $17.2 → $17.4 | Maintains | Buy | Get Alert |
03/25/2024 | Buy Now | 35.14% | HSBC | Lilyanna Yang | → $18 | Upgrade | Hold → Buy | Get Alert |
03/12/2024 | Buy Now | 32.13% | Goldman Sachs | Bruno Amorim | $19.7 → $17.6 | Maintains | Buy | Get Alert |
03/08/2024 | Buy Now | 20.12% | B of A Securities | Caio Ribeiro | → $16 | Downgrade | Buy → Neutral | Get Alert |
09/21/2023 | Buy Now | 59.16% | Jefferies | Alejandro Demichelis | → $21.2 | Initiates | → Buy | Get Alert |
09/08/2023 | Buy Now | 12.61% | Bradesco Corretora | Vicente Falanga | → $15 | Upgrade | Neutral → Outperform | Get Alert |
08/24/2023 | Buy Now | 31.38% | UBS | Luiz Carvalho | $13.1 → $17.5 | Upgrade | Neutral → Buy | Get Alert |
08/23/2023 | Buy Now | — | B of A Securities | Frank McGann | — | Upgrade | Neutral → Buy | Get Alert |
08/10/2023 | Buy Now | -2.4% | HSBC | Lilyanna Yang | → $13 | Downgrade | Buy → Hold | Get Alert |
08/10/2023 | Buy Now | 5.11% | Citigroup | Gabriel Barra | $19 → $14 | Downgrade | Buy → Neutral | Get Alert |
07/27/2023 | Buy Now | -24.92% | Bradesco Corretora | Vicente Falanga | → $10 | Maintains | Neutral | Get Alert |
06/21/2023 | Buy Now | 35.89% | Goldman Sachs | Bruno Amorim | — | Upgrade | Neutral → Buy | Get Alert |
06/13/2023 | Buy Now | -2.4% | Goldman Sachs | Bruno Amorim | $12.5 → $13 | Maintains | Neutral | Get Alert |
06/12/2023 | Buy Now | 16.37% | JP Morgan | Rodolfo Angele | $11.5 → $15.5 | Upgrade | Neutral → Overweight | Get Alert |
06/07/2023 | Buy Now | 23.87% | Morgan Stanley | Bruno Montanari | $12.5 → $16.5 | Upgrade | Equal-Weight → Overweight | Get Alert |
05/15/2023 | Buy Now | -6.16% | Goldman Sachs | Bruno Amorim | $10.9 → $12.5 | Maintains | Neutral | Get Alert |
12/21/2022 | Buy Now | -17.42% | Goldman Sachs | Bruno Amorim | $13.6 → $11 | Maintains | Neutral | Get Alert |
11/04/2022 | Buy Now | — | Goldman Sachs | Bruno Amorim | — | Downgrade | Buy → Neutral | Get Alert |
10/31/2022 | Buy Now | 5.11% | JP Morgan | Rodolfo Angele | $20 → $14 | Downgrade | Overweight → Neutral | Get Alert |
10/27/2022 | Buy Now | 10.36% | Goldman Sachs | Bruno Amorim | $13 → $14.7 | Maintains | Buy | Get Alert |
10/17/2022 | Buy Now | 20.12% | Credit Suisse | Regis Cardoso | $20 → $16 | Downgrade | Outperform → Neutral | Get Alert |
12/16/2021 | Buy Now | — | Goldman Sachs | Bruno Amorim | — | Upgrade | Neutral → Buy | Get Alert |
11/16/2021 | Buy Now | — | HSBC | Lilyanna Yang | — | Upgrade | Hold → Buy | Get Alert |
10/14/2021 | Buy Now | — | HSBC | Lilyanna Yang | — | Downgrade | Buy → Hold | Get Alert |
08/05/2021 | Buy Now | 20.12% | Scotiabank | — | — | Upgrade | Sector Perform → Sector Outperform | Get Alert |
The latest price target for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (NYSE:PBR/A) was reported by B of A Securities on June 27, 2024. The analyst firm set a price target for $17.90 expecting PBR/A to rise to within 12 months (a possible 34.38% upside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (NYSE:PBR/A) was provided by B of A Securities, and Petroleo Brasileiro S.A.- Petrobras American Depositary Shares upgraded their buy rating.
The last upgrade for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares happened on June 27, 2024 when B of A Securities raised their price target to $17.9. B of A Securities previously had a neutral for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares.
The last downgrade for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares happened on May 15, 2024 when Jefferies changed their price target from $21.2 to $17.7 for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Petroleo Brasileiro S.A.- Petrobras American Depositary Shares, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Petroleo Brasileiro S.A.- Petrobras American Depositary Shares was filed on June 27, 2024 so you should expect the next rating to be made available sometime around June 27, 2025.
While ratings are subjective and will change, the latest Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR/A) rating was a upgraded with a price target of $16.80 to $17.90. The current price Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR/A) is trading at is $13.32, which is out of the analyst’s predicted range.
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