Amec Foster Wheeler PLC (AMFW) Earns “Underperform” Rating from Credit Suisse Group AG
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “underperform” rating restated by stock analysts at Credit Suisse Group AG in a research note issued to investors on Friday. They currently have a GBX 450 ($5.87) price objective on the stock. Credit Suisse Group AG’s price target would indicate a potential downside of 24.05% from the company’s previous close.
A number of other research analysts also recently commented on the company. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 618.50 ($8.07) price objective on shares of Amec Foster Wheeler PLC in a research note on Monday, June 27th. BNP Paribas reissued a “neutral” rating and issued a GBX 495 ($6.46) price target on shares of Amec Foster Wheeler PLC in a research note on Monday, June 27th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 520 ($6.79) price target (down previously from GBX 540 ($7.05)) on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 26th. Canaccord Genuity reissued a “buy” rating and issued a GBX 700 ($9.14) price target on shares of Amec Foster Wheeler PLC in a research note on Monday. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Amec Foster Wheeler PLC currently has a consensus rating of “Hold” and an average target price of GBX 521.01 ($6.80).
Amec Foster Wheeler PLC (LON:AMFW) opened at 592.50 on Friday. The firm’s market cap is GBX 2.27 billion. Amec Foster Wheeler PLC has a 52 week low of GBX 321.60 and a 52 week high of GBX 841.50. The company has a 50-day moving average of GBX 557.89 and a 200 day moving average of GBX 485.94.
The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be issued a dividend of GBX 7.40 ($0.10) per share. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 24th.
Amec Foster Wheeler PLC Company Profile
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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