Macquarie Upgrades Amec Foster Wheeler PLC (AMEC) to “Neutral”
Amec Foster Wheeler PLC (LON:AMEC) was upgraded by research analysts at Macquarie to a “neutral” rating in a report released 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 62.19% from the company’s current price.
A number of other research firms also recently issued reports on AMEC. Credit Suisse Group AG assumed coverage on shares of Amec Foster Wheeler PLC in a research report on Monday, September 19th. They set an “underperform” rating and a GBX 450 ($5.57) target price for the company. BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.57) target price on shares of Amec Foster Wheeler PLC in a research report on Monday, September 12th. Barclays PLC reissued an “overweight” rating on shares of Amec Foster Wheeler PLC in a research report on Monday, September 12th. Morgan Stanley raised shares of Amec Foster Wheeler PLC to an “overweight” rating and increased their target price for the stock from GBX 500 ($6.19) to GBX 700 ($8.67) in a research report on Friday, August 26th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 691.10 ($8.56) target price on shares of Amec Foster Wheeler PLC in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 497.11 ($6.16).
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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