Amec Foster Wheeler PLC’s (AMEC) Underperform Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reissued their underperform rating on shares of Amec Foster Wheeler PLC (LON:AMEC) in a research note issued to investors on Friday morning. The brokerage currently has a GBX 450 ($5.87) target price on the stock.
A number of other equities analysts have also recently commented on AMEC. JPMorgan Chase & Co. lowered their price target on Amec Foster Wheeler PLC from GBX 619 ($8.08) to GBX 540 ($7.05) and set an overweight rating for the company in a report on Thursday, June 16th. Deutsche Bank AG initiated coverage on Amec Foster Wheeler PLC in a report on Monday, July 11th. They set a hold rating and a GBX 470 ($6.13) price target for the company. Societe Generale reissued a buy rating and set a GBX 613 ($8.00) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Barclays PLC reissued an overweight rating on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Finally, Canaccord Genuity restated a buy rating and set a GBX 700 ($9.14) price objective on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of GBX 517.69 ($6.76).
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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