AMEC plc Stock Rating Reaffirmed by Investec (AMEC)
AMEC plc (LON:AMEC)‘s stock had its “hold” rating restated by investment analysts at Investec in a note issued to investors on Thursday. They currently have a GBX 1,125 ($18.93) price target on the stock. Investec’s price objective points to a potential upside of 3.88% from the stock’s previous close.
AMEC plc (LON:AMEC) traded down 0.55% during mid-day trading on Thursday, hitting GBX 1083.00. 1,894,392 shares of the company’s stock traded hands. AMEC plc has a 52 week low of GBX 995.00 and a 52 week high of GBX 1271.00. The stock has a 50-day moving average of GBX 1184. and a 200-day moving average of GBX 1159.. The company’s market cap is £3.223 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of AMEC plc in a research note on Monday. They now have a GBX 1,250 ($21.03) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of AMEC plc in a research note on Monday, July 14th. They now have a GBX 1,400 ($23.56) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of AMEC plc in a research note on Friday, July 4th. They now have a GBX 1,400 ($23.56) price target on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,242.27 ($20.90).
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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