Credit Suisse Group AG Reaffirms “Underperform” Rating for Amec Foster Wheeler PLC (AMFW)
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “underperform” rating reaffirmed by investment analysts at Credit Suisse Group AG in a note issued to investors on Friday. They currently have a GBX 450 ($5.87) target price on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 26.05% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.92) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 520 ($6.79) price target on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 700 ($9.14) price target on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 691.10 ($9.02) price target on shares of Amec Foster Wheeler PLC in a research note on Friday, August 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Amec Foster Wheeler PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 521.01 ($6.80).
Shares of Amec Foster Wheeler PLC (LON:AMFW) traded up 2.70% during trading on Friday, hitting GBX 608.50. The stock had a trading volume of 4,309,840 shares. The firm has a 50 day moving average price of GBX 560.15 and a 200-day moving average price of GBX 486.79. The stock’s market capitalization is GBX 2.33 billion. Amec Foster Wheeler PLC has a 52 week low of GBX 321.60 and a 52 week high of GBX 841.50.
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The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be issued a GBX 7.40 ($0.10) dividend. This represents a yield of 1.37%. The ex-dividend date is Thursday, November 24th.
About Amec Foster Wheeler PLC
Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services.
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