Liberum Capital Downgrades AMEC plc to Sell (AMEC)
AMEC plc (LON:AMEC) was downgraded by equities research analysts at Liberum Capital to a “sell” rating in a research note issued to investors on Tuesday, AR Network reports. They currently have a GBX 1,035 ($17.39) price objective on the stock, down from their previous price objective of GBX 1,120 ($18.82). Liberum Capital’s target price suggests a potential downside of 16.60% from the company’s current price.
AMEC plc (LON:AMEC) traded up 0.73% on Tuesday, hitting GBX 1241.00. 2,301,634 shares of the company’s stock traded hands. AMEC plc has a 52 week low of GBX 977.0001 and a 52 week high of GBX 1259.00. The stock has a 50-day moving average of GBX 1156. and a 200-day moving average of GBX 1116.. The company’s market cap is £3.694 billion.
A number of other analysts have also recently weighed in on AMEC. Analysts at HSBC upgraded shares of AMEC plc to an “overweight” rating in a research note on Tuesday. They now have a GBX 1,425 ($23.94) price target on the stock, up previously from GBX 1,130 ($18.99). Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of AMEC plc in a research note on Thursday, April 24th. Finally, analysts at UBS AG raised their price target on shares of AMEC plc from GBX 1,145 ($19.24) to GBX 1,200 ($20.16) in a research note on Thursday, April 24th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,213.38 ($20.39).
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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