Amec Foster Wheeler PLC (AMFW) Given Consensus Rating of “Hold” by Brokerages
Amec Foster Wheeler PLC (LON:AMFW) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 554.46 ($7.16).
A number of equities research analysts recently commented on AMFW shares. Deutsche Bank AG raised their price objective on shares of Amec Foster Wheeler PLC from GBX 470 ($6.07) to GBX 570 ($7.36) and gave the company a “buy” rating in a research report on Friday, May 19th. Macquarie upgraded shares of Amec Foster Wheeler PLC from a “neutral” rating to an “outperform” rating and raised their price objective for the company from GBX 610 ($7.88) to GBX 725 ($9.36) in a research report on Wednesday, May 24th. Jefferies Group LLC restated an “underperform” rating and issued a GBX 414 ($5.35) price objective on shares of Amec Foster Wheeler PLC in a research report on Monday, June 12th. Sanford C. Bernstein restated a “market perform” rating and issued a GBX 550 ($7.10) price objective on shares of Amec Foster Wheeler PLC in a research report on Thursday, July 6th. Finally, Raymond James Financial, Inc. reduced their price objective on shares of Amec Foster Wheeler PLC from GBX 540 ($6.97) to GBX 500 ($6.46) and set an “outperform” rating for the company in a research report on Thursday, August 24th.
Amec Foster Wheeler PLC (LON:AMFW) opened at 463.40 on Friday. The stock’s market cap is GBX 1.77 billion. Amec Foster Wheeler PLC has a 52 week low of GBX 395.50 and a 52 week high of GBX 631.00. The company has a 50 day moving average price of GBX 436.87 and a 200 day moving average price of GBX 489.82.
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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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