Amec Foster Wheeler PLC (AMEC) Given Hold Rating at Deutsche Bank AG
Amec Foster Wheeler PLC (LON:AMEC)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank AG in a report issued on Friday, StockTargetPrices.com reports. They presently have a GBX 570 ($7.36) target price on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 46.12% from the company’s previous close.
AMEC has been the subject of a number of other research reports. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 310 ($4.00) price objective on shares of Amec Foster Wheeler PLC in a research report on Monday, February 6th. Goldman Sachs Group Inc reiterated a “neutral” rating and issued a GBX 441.80 ($5.70) price objective on shares of Amec Foster Wheeler PLC in a research report on Wednesday, February 8th. BNP Paribas reiterated a “neutral” rating and issued a GBX 530 ($6.84) price objective on shares of Amec Foster Wheeler PLC in a research report on Monday, March 20th. Numis Securities Ltd upgraded shares of Amec Foster Wheeler PLC to a “buy” rating and upped their price objective for the stock from GBX 564 ($7.28) to GBX 670 ($8.65) in a research report on Friday, April 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a GBX 630 ($8.13) price objective on shares of Amec Foster Wheeler PLC in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 544.29 ($7.03).
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Amec Foster Wheeler PLC Company Profile
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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