Amec Foster Wheeler PLC (AMFW) Downgraded by BNP Paribas to Underperform
BNP Paribas cut shares of Amec Foster Wheeler PLC (LON:AMFW) to an underperform rating in a research report released on Monday. The brokerage currently has GBX 395 ($4.94) target price on the stock, down from their previous target price of GBX 505 ($6.31).
A number of other equities research analysts have also weighed in on the company. Credit Suisse Group AG initiated coverage on Amec Foster Wheeler PLC in a research note on Monday, September 19th. They set an underperform rating and a GBX 450 ($5.62) price objective for the company. Goldman Sachs Group Inc. downgraded Amec Foster Wheeler PLC to a neutral rating and reduced their target price for the stock from GBX 691.10 ($8.63) to GBX 518.80 ($6.48) in a report on Friday, October 28th. Deutsche Bank AG reduced their target price on Amec Foster Wheeler PLC from GBX 500 ($6.25) to GBX 470 ($5.87) and set a hold rating on the stock in a report on Wednesday, November 2nd. Canaccord Genuity reaffirmed a buy rating and set a GBX 700 ($8.75) target price on shares of Amec Foster Wheeler PLC in a report on Monday, October 3rd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 520 ($6.50) target price (down previously from GBX 540 ($6.75)) on shares of Amec Foster Wheeler PLC in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Amec Foster Wheeler PLC currently has an average rating of Hold and an average target price of GBX 486.71 ($6.08).
Amec Foster Wheeler PLC (LON:AMFW) opened at 441.50 on Monday. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 631.00. The company’s 50-day moving average price is GBX 515.86 and its 200-day moving average price is GBX 494.95. The firm’s market cap is GBX 1.69 billion.
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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