Royal Bank Of Canada started coverage on shares of Amec Foster Wheeler PLC (LON:AMEC) in a report released on Tuesday morning, StockTargetPrices.com reports. The brokerage issued a sector performer rating and a GBX 650 ($8.04) price target on the stock.
A number of other brokerages also recently commented on AMEC. Barclays PLC reissued an overweight rating on shares of Amec Foster Wheeler PLC in a research report on Monday, September 12th. Morgan Stanley raised shares of Amec Foster Wheeler PLC to an overweight rating and lifted their target price for the stock from GBX 500 ($6.19) to GBX 700 ($8.66) in a report on Friday, August 26th. BNP Paribas reaffirmed a neutral rating and set a GBX 530 ($6.56) target price on shares of Amec Foster Wheeler PLC in a report on Tuesday, August 23rd. Goldman Sachs Group Inc. reaffirmed a buy rating and set a GBX 691.10 ($8.55) target price on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Finally, Societe Generale reaffirmed a buy rating and set a GBX 613 ($7.59) target price on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Amec Foster Wheeler PLC has an average rating of Hold and an average price target of GBX 525.48 ($6.50).
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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