Amec Foster Wheeler PLC (AMFW) Receives Average Rating of “Hold” from Brokerages
Amec Foster Wheeler PLC (LON:AMFW) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 562.24 ($7.42).
A number of research analysts have recently weighed in on the company. Sanford C. Bernstein restated a “market perform” rating and issued a GBX 550 ($7.26) price target on shares of Amec Foster Wheeler PLC in a research report on Thursday, July 6th. Numis Securities Ltd restated a “buy” rating and issued a GBX 615 ($8.12) price target on shares of Amec Foster Wheeler PLC in a research report on Friday, August 11th. Jefferies Group LLC restated an “underperform” rating and issued a GBX 414 ($5.46) price target on shares of Amec Foster Wheeler PLC in a research report on Wednesday, September 6th. Finally, Raymond James Financial, Inc. dropped their price target on Amec Foster Wheeler PLC from GBX 540 ($7.13) to GBX 500 ($6.60) and set an “outperform” rating for the company in a research report on Thursday, August 24th.
Shares of Amec Foster Wheeler PLC (LON AMFW) opened at 546.50 on Friday. The firm’s market cap is GBX 2.09 billion. The firm’s 50-day moving average is GBX 476.34 and its 200 day moving average is GBX 492.11. Amec Foster Wheeler PLC has a 52 week low of GBX 395.50 and a 52 week high of GBX 610.50.
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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