Deutsche Bank Cuts AMEC plc Price Target to GBX 1,280 (AMEC)
Stock analysts at Deutsche Bank decreased their target price on shares of AMEC plc (LON:AMEC) from GBX 1,350 ($22.40) to GBX 1,280 ($21.24) in a report issued on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 13.78% from the stock’s previous close.
AMEC plc (LON:AMEC) opened at 1122.00 on Monday. AMEC plc has a one year low of GBX 995.00 and a one year high of GBX 1271.00. The stock has a 50-day moving average of GBX 1137. and a 200-day moving average of GBX 1167.. The company’s market cap is £3.299 billion.
The company also recently declared a dividend, which is scheduled for Monday, January 5th. Shareholders of record on Thursday, November 27th will be given a dividend of GBX 14.80 ($0.25) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 27th.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of AMEC plc in a research note on Friday. They now have a GBX 1,250 ($20.74) price target on the stock. Separately, 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 ($21.57) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of AMEC plc from GBX 1,235 ($20.49) to GBX 1,242 ($20.61) in a research note on Friday, August 8th. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. AMEC plc currently has a consensus rating of “Hold” and a consensus target price of GBX 1,222.07 ($20.28).
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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