Amec Foster Wheeler PLC (AMEC) Given Average Recommendation of “Hold” by Brokerages
Amec Foster Wheeler PLC (LON:AMEC) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 548.91 ($7.13).
Several brokerages recently weighed in on AMEC. Jefferies Group LLC restated an “underperform” rating and issued a GBX 414 ($5.37) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, April 18th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 570 ($7.40) target price on shares of Amec Foster Wheeler PLC in a research note on Friday, May 19th. Macquarie raised shares of Amec Foster Wheeler PLC to an “outperform” rating and upped their target price for the company from GBX 610 ($7.92) to GBX 725 ($9.41) in a research note on Wednesday, May 24th. Finally, Numis Securities Ltd raised shares of Amec Foster Wheeler PLC to a “buy” rating and increased their price objective for the stock from GBX 564 ($7.32) to GBX 670 ($8.70) in a research report on Tuesday, July 4th.
TRADEMARK VIOLATION NOTICE: “Amec Foster Wheeler PLC (AMEC) Given Average Recommendation of “Hold” by Brokerages” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/15/amec-foster-wheeler-plc-amec-given-average-recommendation-of-hold-by-brokerages.html.
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.
Receive News & Ratings for Amec Foster Wheeler PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amec Foster Wheeler PLC and related companies with MarketBeat.com's FREE daily email newsletter.