AMEC plc Given “Buy” Rating at Canaccord Genuity (AMEC)
AMEC plc (LON:AMEC)‘s stock had its “buy” rating reiterated by Canaccord Genuity in a research note issued on Friday. They currently have a GBX 1,400 ($23.56) target price on the stock. Canaccord Genuity’s price objective points to a potential upside of 30.96% from the stock’s previous close.
AMEC plc (LON:AMEC) traded down 1.29% during mid-day trading on Friday, hitting GBX 1069.00. 1,882,950 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 1180. and a 200-day moving average of GBX 1159.. The company’s market cap is £3.136 billion.
A number of other analysts have also recently weighed in on AMEC. 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. Separately, 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. Finally, analysts at Investec reiterated a “hold” rating on shares of AMEC plc in a research note on Thursday. They now have a GBX 1,125 ($18.93) price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,235.07 ($20.78).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.