AMEC Receives “Buy” Rating from Goldman Sachs Group Inc. (AMEC)
AMEC (LON:AMEC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 1,250 ($20.05) target price on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 16.17% from the company’s current price.
AMEC (LON:AMEC) opened at 1066.00 on Tuesday. AMEC has a one year low of GBX 960.9999 and a one year high of GBX 1144.3719. The stock’s 50-day moving average is GBX 1074. and its 200-day moving average is GBX 1046.. The company’s market cap is £3.134 billion.
A number of other firms have also recently commented on AMEC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AMEC in a research note to investors on Tuesday. They now have a GBX 1,250 ($20.05) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of AMEC from GBX 1,301 ($20.87) to GBX 1,243 ($19.94) in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. AMEC currently has an average rating of “Hold” and a consensus target price of GBX 1,210.67 ($19.42).
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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