Brokerages Set Amec Foster Wheeler PLC (LON:AMFW) PT at $514.26
Amec Foster Wheeler PLC (LON:AMFW) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is GBX 516.13 ($6.74).
AMFW has been the subject of several analyst reports. Macquarie raised their price objective on shares of Amec Foster Wheeler PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock an “underperform” rating in a report on Friday. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 530 ($6.92) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Credit Suisse Group AG initiated coverage on shares of Amec Foster Wheeler PLC in a report on Monday, September 19th. They issued an “underperform” rating and a GBX 450 ($5.87) price objective for the company. Barclays PLC reaffirmed an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 700 ($9.14) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 31st.
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 571.50 on Wednesday. The firm’s 50 day moving average is GBX 550.58 and its 200-day moving average is GBX 483.33. The company’s market cap is GBX 2.19 billion. Amec Foster Wheeler PLC has a 1-year low of GBX 321.60 and a 1-year high of GBX 844.00.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 24th will be given a GBX 7.40 ($0.10) dividend. This represents a yield of 1.37%. The ex-dividend date is Thursday, November 24th.
About Amec Foster Wheeler PLC
Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services.
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