AMEC plc Price Target Raised to GBX 1,242 at Morgan Stanley (AMEC)
Morgan Stanley boosted their price objective on shares of AMEC plc (LON:AMEC) from GBX 1,235 ($20.78) to GBX 1,242 ($20.90) in a research note issued on Friday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 14.68% from the stock’s previous close.
A number of other analysts have also recently weighed in on AMEC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of AMEC plc in a research note on Friday. They now have a GBX 1,400 ($23.56) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of AMEC plc from GBX 1,400 ($23.56) to GBX 1,350 ($22.72) in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Nomura cut their price target on shares of AMEC plc from GBX 1,450 ($24.40) to GBX 1,250 ($21.03) in a research note on Friday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,235.07 ($20.78).
Shares of AMEC plc (LON:AMEC) opened at 1071.00 on Friday. AMEC plc has a 52-week low of GBX 995.00 and a 52-week high of GBX 1271.00. The stock’s 50-day moving average is GBX 1184. and its 200-day moving average is GBX 1159.. The company’s market cap is £3.188 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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