Amec Foster Wheeler PLC’s (AMEC) “Underperform” Rating Reaffirmed at Jefferies Group LLC
Amec Foster Wheeler PLC (LON:AMEC)‘s stock had its “underperform” rating reaffirmed by analysts at Jefferies Group LLC in a research report issued on Wednesday, StockTargetPrices.com reports. They presently have a GBX 414 ($5.35) price target on the stock. Jefferies Group LLC’s price objective points to a potential downside of 60.87% from the company’s previous close.
Several other equities research analysts have also weighed in on AMEC. Deutsche Bank AG restated a “hold” rating and set a GBX 570 ($7.36) price target on shares of Amec Foster Wheeler PLC in a research report on Friday, May 19th. Macquarie upgraded Amec Foster Wheeler PLC to an “outperform” rating and lifted their price target for the company from GBX 610 ($7.88) to GBX 725 ($9.36) in a research report on Wednesday, May 24th. Numis Securities Ltd upgraded Amec Foster Wheeler PLC to a “buy” rating and lifted their price target for the company from GBX 564 ($7.28) to GBX 670 ($8.65) in a research report on Tuesday, July 4th. Finally, Raymond James Financial, Inc. dropped their price target 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 report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Amec Foster Wheeler PLC currently has a consensus rating of “Hold” and a consensus target price of GBX 545.41 ($7.04).
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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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