Amec Foster Wheeler PLC (LON:AMFW) had its price objective dropped by equities research analysts at Raymond James Financial, Inc. from GBX 540 ($7.01) to GBX 500 ($6.49) in a report released on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would suggest a potential upside of 18.65% from the stock’s previous close.

AMFW has been the topic of a number of other reports. Jefferies Group LLC reaffirmed an “underperform” rating and issued a GBX 414 ($5.37) target price on shares of Amec Foster Wheeler PLC in a report on Monday, June 12th. Macquarie raised shares of Amec Foster Wheeler PLC from a “neutral” rating to an “outperform” rating and lifted their target price for the company from GBX 610 ($7.92) to GBX 725 ($9.41) in a report on Wednesday, May 24th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 615 ($7.98) target price on shares of Amec Foster Wheeler PLC in a report on Friday, August 11th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a GBX 550 ($7.14) target price on shares of Amec Foster Wheeler PLC in a report on Thursday, July 6th. Finally, Deutsche Bank AG lifted their target price on shares of Amec Foster Wheeler PLC from GBX 470 ($6.10) to GBX 570 ($7.40) and gave the company a “buy” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Amec Foster Wheeler PLC presently has an average rating of “Hold” and a consensus price target of GBX 554.46 ($7.20).

Amec Foster Wheeler PLC (LON:AMFW) traded down 1.66% on Thursday, reaching GBX 414.40. 801,461 shares of the company’s stock traded hands. The stock’s market cap is GBX 1.58 billion. Amec Foster Wheeler PLC has a 12-month low of GBX 395.50 and a 12-month high of GBX 631.00. The stock has a 50 day moving average price of GBX 440.52 and a 200 day moving average price of GBX 491.00.

TRADEMARK VIOLATION NOTICE: “Raymond James Financial, Inc. Trims Amec Foster Wheeler PLC (AMFW) Target Price to GBX 500” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/24/raymond-james-financial-inc-trims-amec-foster-wheeler-plc-amfw-target-price-to-gbx-500.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.

Analyst Recommendations for Amec Foster Wheeler PLC (LON:AMFW)

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.