Amec Foster Wheeler PLC (AMEC) Now Covered by Analysts at Royal Bank Of Canada
Equities researchers at Royal Bank Of Canada began coverage on shares of Amec Foster Wheeler PLC (LON:AMEC) in a report released on Tuesday, StockTargetPrices.com reports. The brokerage set a “sector performer” rating and a GBX 650 ($8.04) price target on the stock. Royal Bank Of Canada’s price objective indicates a potential downside of 38.56% from the company’s previous close.
A number of other brokerages have also recently weighed in on AMEC. Barclays PLC restated an “overweight” rating on shares of Amec Foster Wheeler PLC in a research note on Monday, September 12th. Morgan Stanley upgraded shares of Amec Foster Wheeler PLC to an “overweight” rating and boosted their price objective for the stock from GBX 500 ($6.19) to GBX 700 ($8.66) in a research note on Friday, August 26th. BNP Paribas restated a “neutral” rating and issued a GBX 530 ($6.56) price objective on shares of Amec Foster Wheeler PLC in a research note on Tuesday, August 23rd. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 691.10 ($8.55) price objective on shares of Amec Foster Wheeler PLC in a research note on Friday, August 12th. Finally, Societe Generale restated a “buy” rating and issued a GBX 613 ($7.59) price objective on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 525.48 ($6.50).
About Amec Foster Wheeler PLC
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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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