Amec Foster Wheeler PLC (AMFW) Receives “Buy” Rating from Canaccord Genuity
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “buy” rating restated by Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a GBX 600 ($7.44) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 37.61% from the company’s current price.
A number of other equities analysts have also weighed in on the company. Morgan Stanley raised Amec Foster Wheeler PLC to an “overweight” rating and upped their price objective for the stock from GBX 500 ($6.20) to GBX 700 ($8.68) in a research note on Friday, August 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a GBX 450 ($5.58) price objective on shares of Amec Foster Wheeler PLC in a research note on Friday, October 7th. BNP Paribas lowered Amec Foster Wheeler PLC to an “underperform” rating and dropped their price objective for the stock from GBX 505 ($6.26) to GBX 395 ($4.90) in a research note on Monday, November 21st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 600 ($7.44) price objective on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 24th. Finally, Deutsche Bank AG dropped their price objective on Amec Foster Wheeler PLC from GBX 500 ($6.20) to GBX 470 ($5.83) and set a “hold” rating for the company in a research note on Wednesday, November 2nd. Two 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 stock. Amec Foster Wheeler PLC currently has an average rating of “Hold” and an average price target of GBX 486.71 ($6.04).
Amec Foster Wheeler PLC (LON:AMFW) opened at 459.30 on Thursday. The company’s 50 day moving average price is GBX 492.39 and its 200-day moving average price is GBX 493.61. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 631.00. The stock’s market capitalization is GBX 1.76 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.
Receive News & Stock Ratings for Amec Foster Wheeler PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amec Foster Wheeler PLC and related stocks with our FREE daily email newsletter.