Amec Foster Wheeler PLC (AMEC) Given Consensus Recommendation of “Hold” by Analysts
Amec Foster Wheeler PLC (LON:AMEC) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 553.14 ($7.04).
AMEC has been the subject of a number of recent research reports. Jefferies Group LLC restated an “underperform” rating and set a GBX 414 ($5.27) price target on shares of Amec Foster Wheeler PLC in a research note on Tuesday, April 18th. Macquarie upgraded shares of Amec Foster Wheeler PLC to an “outperform” rating and boosted their price target for the company from GBX 610 ($7.76) to GBX 725 ($9.22) in a research note on Wednesday, May 24th. Numis Securities Ltd upgraded shares of Amec Foster Wheeler PLC to a “buy” rating and boosted their price target for the company from GBX 564 ($7.17) to GBX 670 ($8.52) in a research note on Friday, April 7th. Societe Generale restated a “buy” rating and set a GBX 650 ($8.27) price target on shares of Amec Foster Wheeler PLC in a research note on Tuesday, March 14th. Finally, Deutsche Bank AG restated a “hold” rating and set a GBX 570 ($7.25) price target on shares of Amec Foster Wheeler PLC in a research note on Friday, May 19th.
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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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