AMEC Price Target Cut to GBX 1,227 (AMEC)
Equities research analysts at Goldman Sachs Group Inc. cut their price objective on shares of AMEC (LON:AMEC) from GBX 1,248 ($20.19) to GBX 1,227 ($19.85) in a research note issued to investors on Wednesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s price target indicates a potential upside of 4.87% from the stock’s previous close.
A number of other firms have also recently commented on AMEC. Analysts at Canaccord Genuity initiated coverage on shares of AMEC in a research note to investors on Friday, October 25th. They set a “hold” rating and a GBX 1,215 ($19.66) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of AMEC in a research note to investors on Monday, October 21st. They now have a GBX 1,250 ($20.22) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of AMEC in a research note to investors on Tuesday, October 15th. They now have a GBX 1,100 ($17.80) price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. AMEC presently has an average rating of “Hold” and a consensus price target of GBX 1,207.86 ($19.54).
AMEC (LON:AMEC) opened at 1175.00 on Wednesday. AMEC has a 52-week low of GBX 960.9999 and a 52-week high of GBX 1171.00. The stock’s 50-day moving average is GBX 1075. and its 200-day moving average is GBX 1050.. The company’s market cap is £3.454 billion.
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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