Amec Foster Wheeler PLC (AMEC) Given Average Rating of “Hold” by Brokerages
Amec Foster Wheeler PLC (LON:AMEC) has been assigned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 545.41 ($7.23).
AMEC has been the topic of several research analyst reports. Numis Securities Ltd upgraded Amec Foster Wheeler PLC to a “buy” rating and lifted their price objective for the stock from GBX 564 ($7.48) to GBX 670 ($8.89) in a report on Tuesday, July 4th. Jefferies Group LLC reissued an “underperform” rating and set a GBX 414 ($5.49) target price on shares of Amec Foster Wheeler PLC in a report on Monday, June 12th. Finally, Raymond James Financial, Inc. decreased their target price on Amec Foster Wheeler PLC from GBX 540 ($7.16) to GBX 500 ($6.63) and set an “outperform” rating on the stock in a research report on Thursday, August 24th.
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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