AMEC plc Given New GBX 1,350 Price Target at Deutsche Bank (AMEC)
Equities research analysts at Deutsche Bank lowered their price objective on shares of AMEC plc (LON:AMEC) from GBX 1,400 ($23.56) to GBX 1,350 ($22.72) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price suggests a potential upside of 26.29% from the stock’s previous close.
Shares of AMEC plc (LON:AMEC) traded down 1.29% 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 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. Separately, 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. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of AMEC plc in a research note on Monday, August 4th. They now have a GBX 1,250 ($21.03) 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 given a buy rating to the company. AMEC plc presently has an average rating of “Hold” and a consensus price target 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.
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