AMEC Price Target Raised to GBX 1,280 at Nomura (AMEC)
Investment analysts at Nomura raised their target price on shares of AMEC (LON:AMEC) from GBX 1,230 ($20.27) to GBX 1,280 ($21.09) in a note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Nomura’s price objective would indicate a potential upside of 22.49% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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 ($20.60) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of AMEC in a research note to investors on Monday. They now have a GBX 1,300 ($21.42) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of AMEC in a research note to investors on Tuesday, January 7th. They now have a GBX 1,110 ($18.29) price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,202.49 ($19.82).
AMEC (LON:AMEC) traded up 1.75% during mid-day trading on Tuesday, hitting GBX 1045.00. The stock had a trading volume of 2,415,203 shares. AMEC has a 52-week low of GBX 960.9999 and a 52-week high of GBX 1210.00. The stock’s 50-day moving average is GBX 1077.81 and its 200-day moving average is GBX 1090.. The company’s market cap is £3.072 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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