Amec Foster Wheeler PLC’s (AMFW) “Buy” Rating Reiterated at Canaccord Genuity
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “buy” rating restated by Canaccord Genuity in a report released on Monday. They presently have a GBX 700 ($9.14) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 22.51% from the company’s current price.
Several other equities research analysts have also issued reports on AMFW. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 520 ($6.79) target price on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 600 ($7.83) target price on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 24th. Societe Generale reaffirmed a “buy” rating and set a GBX 613 ($8.00) target price on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Deutsche Bank AG lifted their price objective on Amec Foster Wheeler PLC from GBX 470 ($6.13) to GBX 500 ($6.53) and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 580 ($7.57) price objective (up previously from GBX 530 ($6.92)) on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 521.01 ($6.80).
Amec Foster Wheeler PLC (LON:AMFW) traded up 0.87% during midday trading on Monday, reaching GBX 576.50. 1,987,038 shares of the company traded hands. The firm has a 50-day moving average price of GBX 550.58 and a 200-day moving average price of GBX 483.33. The firm’s market capitalization is GBX 2.21 billion. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 844.00.
The firm also recently declared a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be given a dividend of GBX 7.40 ($0.10) per share. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend 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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