Amec Foster Wheeler PLC (LON:AMFW) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a GBX 400 ($4.95) price objective on the stock. Macquarie’s price objective suggests a potential downside of 11.25% from the company’s current price.

Other analysts also recently issued reports about the stock. Canaccord Genuity reissued a “buy” rating and set a GBX 700 ($8.67) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 31st. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 691.10 ($8.56) price target on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Societe Generale reissued a “buy” rating and set a GBX 613 ($7.59) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Barclays PLC downgraded shares of Amec Foster Wheeler PLC to an “equal weight” rating and set a GBX 500 ($6.19) price target on the stock. in a report on Tuesday, November 1st. Finally, Deutsche Bank AG increased their price target on shares of Amec Foster Wheeler PLC from GBX 470 ($5.82) to GBX 500 ($6.19) and gave the stock a “hold” rating in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 492.82 ($6.10).

Analyst Recommendations for Amec Foster Wheeler PLC (LON:AMFW)

Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 431.00 on Wednesday. The stock has a 50 day moving average of GBX 540.77 and a 200-day moving average of GBX 497.51. Amec Foster Wheeler PLC has a 12-month low of GBX 321.60 and a 12-month high of GBX 631.00. The company’s market capitalization is GBX 1.65 billion.

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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