AMEC Receives buy Rating from Societe Generale (AMEC)
AMEC (LON:AMEC)‘s stock had its “buy” rating reaffirmed by stock analysts at Societe Generale in a report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 1,320 ($20.64) price target on the stock. Societe Generale’s price target suggests a potential upside of 22.45% from the stock’s previous close.
AMEC (LON:AMEC) opened at 1080.00 on Friday. The stock has a 50-day moving average of GBX 1070. and a 200-day moving average of GBX 1044.. The company’s market cap is £3.175 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Beaufort Securities reiterated a “hold” rating on shares of AMEC (LON:AMEC) in a research note to investors on Monday. Separately, analysts at Nomura cut their price target on shares of AMEC (LON:AMEC) from GBX 1,300 ($20.33) to GBX 1,230 ($19.23) in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock. Finally, analysts at WH Ireland reiterated an “outperform” rating on shares of AMEC (LON:AMEC) in a research note to investors on Thursday, August 29th.
Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. AMEC has a consensus rating of “Hold” and a consensus target price of GBX 1,215.27 ($19.00).
AMEC plc (LON:AMEC) is a provider of consultancy, engineering and project management services to its customers in the world’s oil and gas, minerals and metals, clean energy, environment and infrastructure markets.
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