AMEC plc Receives Buy Rating from Nomura (AMEC)
AMEC plc (LON:AMEC)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research note issued to investors on Friday. They currently have a GBX 1,250 ($20.69) target price on the stock. Nomura’s target price would suggest a potential upside of 9.84% from the stock’s previous close.
AMEC plc (LON:AMEC) opened at 1132.00 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 1138.68 and its 200-day moving average is GBX 1167.31. The company’s market cap is £3.328 billion.
A number of other analysts have also recently weighed in on AMEC. Analysts at HSBC reiterated an “overweight” rating on shares of AMEC plc in a research note on Monday, August 11th. They now have a GBX 1,300 ($21.51) price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of AMEC plc from GBX 1,235 ($20.44) to GBX 1,242 ($20.55) in a research note on Friday, August 8th. They now have an “equal weight” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of AMEC plc in a research note on Friday, August 8th. They now have a GBX 1,400 ($23.17) price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,226.73 ($20.30).
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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