Amec Foster Wheeler PLC (AMFW) Price Target Increased to GBX 460 by Analysts at Macquarie
Amec Foster Wheeler PLC (LON:AMFW) had its price objective increased by Macquarie from GBX 430 ($5.61) to GBX 460 ($6.00) in a report issued on Friday. They currently have an underperform rating on the stock.
AMFW has been the topic of several other research reports. Morgan Stanley raised Amec Foster Wheeler PLC to an overweight rating and increased their target price for the company from GBX 500 ($6.53) to GBX 700 ($9.14) in a research note on Friday, August 26th. BNP Paribas reissued a neutral rating and issued a GBX 580 ($7.57) target price (up previously from GBX 530 ($6.92)) on shares of Amec Foster Wheeler PLC in a research note on Monday, September 12th. Barclays PLC reissued an overweight rating and issued a GBX 600 ($7.83) target price on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 24th. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 618 ($8.07) target price on shares of Amec Foster Wheeler PLC in a research note on Friday, June 3rd. Finally, Canaccord Genuity reissued a buy rating and issued a GBX 700 ($9.14) target price on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Amec Foster Wheeler PLC has an average rating of Hold and an average price target of GBX 521.01 ($6.80).
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 574.00 on Friday. The company’s market cap is GBX 2.20 billion. Amec Foster Wheeler PLC has a 52 week low of GBX 321.60 and a 52 week high of GBX 844.00. The company has a 50 day moving average price of GBX 550.58 and a 200 day moving average price of GBX 483.33.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be issued a GBX 7.40 ($0.10) dividend. The ex-dividend date is Thursday, November 24th. This represents a yield of 1.37%.
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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