Consensus Petrobras

Equities

PETR4

BRPETRACNPR6

Market Closed - Bolsa de Valores de Sao Paulo Other stock markets 04:07:33 2023-12-04 pm EST			5-day change	1st Jan Change
34.91 ^BRL	-2.13%		-0.46%	+42.49%

Dec. 04	Wizz Air and Ryanair report November traffic growth	AN
Dec. 03	Lula says Brazil never to be full member of OPEC+, only observer	RE

Evolution of the average Target Price on Petrobras

Price target over the last 5 years

History : Analyst Recommendations

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Analyst Recommendations on Petrobras

UBS Adjusts Petroleo Brasileiro S.A.- Petrobras Price Target to $17.20 From $17.50, Maintains Buy Rating	Nov. 28	MT
Jefferies Initiates Petrobras With Buy Rating, Price Target is $21.20	Sep. 21	MT
Bradesco Upgrades Petrobras to Outperform From Neutral, Price Target is $15	Sep. 08	MT
UBS Upgrades Petroleo Brasileiro S.A.- Petrobras to Buy From Neutral, Adjusts Price Target to $17.50 From $13.10	Aug. 24	MT
Mexico's Pemex the biggest liquidity worry among peers - Fitch	Aug. 23	RE
BofA Securities Upgrades Petroleo Brasileiro S.A.- Petrobras to Buy From Neutral, Adjusts Price Target to $18 From $13	Aug. 23	MT
HSBC Downgrades Petroleo Brasileiro Petrobras to Hold From Buy, Price Target is $13	Aug. 10	MT
Citigroup Downgrades Petrobras to Neutral From Buy, Cuts Price Target to $14 From $19	Aug. 10	MT
JPMorgan Downgrades Petrobras to Neutral From Overweight, Adjusts Price Target to $14.50 From $15	Aug. 04	MT
Bradesco Downgrades Petrobras to Neutral From Outperform, Price Target is $10	Jul. 27	MT
Goldman Sachs Upgrades Petrobras to Buy From Neutral	Jun. 21	MT
Goldman Sachs Adjusts Price Target on Petrobras to $13 From $12.50, Maintains Neutral Rating	Jun. 13	MT
JPMorgan Upgrades Petrobras to Overweight From Neutral, Adjusts Price Target to $15.50 From $11.50	Jun. 12	MT
Morgan Stanley Upgrades Petrobras to Overweight From Equalweight, Adjusts Price Target to $16.50 From $12.50	Jun. 07	MT
UBS Adjusts Petroleo Brasileiro S.A.- Petrobras Price Target to $8.10 From $7.40, Maintains Sell Rating	May. 26	MT
Brazil's Petrobras posts 14% profit dip, but beats expectations	May. 11	RE
Fitch Affirms Heritage Petroleum Company Limited's Ratings at 'BB'; Outlook Stable	Apr. 17	AQ
UBS Adjusts Petroleo Brasileiro S.A.- Petrobras Price Target to $7.40 From $8.50, Maintains Sell Rating	Mar. 23	MT
Fitch Affirms Pemex's IDRs at 'BB-'; Outlook Stable	Mar. 17	AQ
Petrobras : on rating confirmation by Fitch - Form 6-K	Jan. 31	PU
Petrobras : on rating confirmation by Fitch January 31, 2023	Jan. 31	PU
Fitch Affirms Rio Oil Finance Trust's Existing Notes	Jan. 16	AQ
Goldman Sachs Adjusts Price Target on Petroleo Brasileiro S.A.- Petrobras to $11 From $13.60, Maintains Neutral Rating	Dec. 21	MT
Fitch Affirms SBM Baleia Azul, S.a.r.l.'s Senior Secured Notes at 'BB-'; Outlook Revised to Stable	Dec. 09	AQ
UBS Downgrades Petroleo Brasileiro S.A.- Petrobras to Sell From Buy, Adjusts Price Target to $8.50 From $18.10	Nov. 22	MT