|Bid||0.00 x 800|
|Ask||0.00 x 3100|
|Day's Range||12.19 - 12.51|
|52 Week Range||9.36 - 16.30|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||61.25|
|Forward Dividend & Yield||4.32 (30.25%)|
|Ex-Dividend Date||May 24, 2022|
|1y Target Est||15.68|
In the latest trading session, Petrobras (PBR) closed at $12.25, marking a +0.74% move from the previous day.
SAO PAULO (Reuters) -Brazil's consumer prices extended their trend down in the month to mid-September, government statistics agency IBGE said on Tuesday, as fuel costs continued to drop on the back of lower taxes and price cuts by state-run oil firm Petrobras. Inflation in the 12 months to mid-September hit 7.96%, well below the 8.14% forecast by economists, likely backing the central bank's recent decision of pausing its aggressive rate hiking cycle. As well as in August, when Latin America's largest economy posted the lowest mid-month inflation rate in about three decades, this month's drop was driven by the transportation sector, in which costs fell 2.35%, IBGE said.
(Bloomberg) -- Next week’s elections in Brazil pose a challenge to Petrobras investors. Former President Luiz Inacio Lula da Silva, the front-runner, has vowed to use the company as a vehicle for national development. Incumbent Jair Bolsonaro, who’s fighting for a come-from-behind upset, is proposing the complete opposite, with plans to privatize the state-run giant.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekLiz Truss’s Historic Gamble With the UK Eco