AMEC Lowered to Hold at Investec (AMEC)
AMEC (LON:AMEC) was downgraded by Investec to a “hold” rating in a research note issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 1,065 ($17.48) price target on the stock, down from their previous price target of GBX 1,300 ($21.34). Investec’s target price would indicate a potential upside of 1.04% from the company’s current price.
Shares of AMEC (LON:AMEC) opened at 1049.00 on Wednesday. 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 1073. and its 200-day moving average is GBX 1092.. The company’s market cap is £3.084 billion.
AMEC has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “hold” rating on shares of AMEC in a research note to investors on Tuesday. They now have a GBX 1,120 ($18.38) price target on the stock. Separately, analysts at Societe Generale raised their price target on shares of AMEC from GBX 1,320 ($21.67) to GBX 1,417 ($23.26) in a research note to investors on Tuesday, January 14th. They now have a “buy” rating on the stock. Finally, analysts at HSBC reiterated a “neutral” rating on shares of AMEC in a research note to investors on Tuesday, January 14th. They now have a GBX 1,130 ($18.55) price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. AMEC currently has an average rating of “Hold” and a consensus target price of GBX 1,187.80 ($19.50).
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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