AMEC plc PT Lowered to GBX 1,250 (AMEC)
Nomura dropped their target price on shares of AMEC plc (LON:AMEC) from GBX 1,450 ($24.40) to GBX 1,250 ($21.03) in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Nomura’s price target would indicate a potential upside of 16.93% from the stock’s previous close.
A number of other firms have also recently commented on AMEC. 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. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued 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) 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 1-year low of GBX 995.00 and a 1-year 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.
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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