AMEC Downgraded to “Neutral” at UBS AG (AMEC)
AMEC (LON:AMEC) was downgraded by analysts at UBS AG to a “neutral” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. They currently have a GBX 1,145 ($18.34) target price on the stock, down from their previous target price of GBX 1,200 ($19.22). UBS AG’s price target points to a potential upside of 3.34% from the stock’s previous close.
Shares of AMEC (LON:AMEC) traded down 0.99% on Tuesday, hitting GBX 1097.00. 789,888 shares of the company’s stock traded hands. AMEC has a 1-year low of GBX 960.9999 and a 1-year high of GBX 1174.00. The stock has a 50-day moving average of GBX 1074. and a 200-day moving average of GBX 1046.. The company’s market cap is £3.225 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AMEC (LON:AMEC) in a research note to investors on Friday. They now have a GBX 1,250 ($20.02) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of AMEC (LON:AMEC) in a research note to investors on Friday. They now have a GBX 1,230 ($19.70) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of AMEC (LON:AMEC) in a research note to investors on Friday, September 13th. They now have a GBX 1,320 ($21.14) price target on the stock.
Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. AMEC presently has an average rating of “Hold” and a consensus price target of GBX 1,211.83 ($19.41).
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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