Amec Foster Wheeler PLC (AMEC) Given Average Recommendation of “Hold” by Analysts
Shares of Amec Foster Wheeler PLC (LON:AMEC) have earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 545.41 ($7.04).
Several research analysts recently issued reports on AMEC shares. Numis Securities Ltd raised Amec Foster Wheeler PLC to a “buy” rating and increased their price objective for the stock from GBX 564 ($7.28) to GBX 670 ($8.65) in a research note on Tuesday, July 4th. Jefferies Group LLC reissued an “underperform” rating and issued a GBX 414 ($5.35) price objective on shares of Amec Foster Wheeler PLC in a research note on Monday, June 12th. Raymond James Financial, Inc. dropped their price objective on Amec Foster Wheeler PLC from GBX 540 ($6.97) to GBX 500 ($6.46) and set an “outperform” rating on the stock in a research note on Thursday, August 24th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 570 ($7.36) price objective on shares of Amec Foster Wheeler PLC in a research note on Friday, May 19th. Finally, Macquarie raised Amec Foster Wheeler PLC to an “outperform” rating and increased their price objective for the stock from GBX 610 ($7.88) to GBX 725 ($9.36) in a research note on Wednesday, May 24th.
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.
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