BNP Paribas reissued their neutral rating on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research note issued to investors on Tuesday. The firm currently has a GBX 530 ($6.92) target price on the stock.
A number of other brokerages have also recently issued reports on AMFW. Jefferies Group reaffirmed an underperform rating and issued a GBX 310 ($4.05) target price on shares of Amec Foster Wheeler PLC in a report on Tuesday, May 31st. Goldman Sachs Group Inc. reaffirmed a buy rating and issued a GBX 618 ($8.07) target price on shares of Amec Foster Wheeler PLC in a report on Friday, June 3rd. JPMorgan Chase & Co. dropped their target price on shares of Amec Foster Wheeler PLC from GBX 619 ($8.08) to GBX 540 ($7.05) and set an overweight rating on the stock in a report on Thursday, June 16th. Citigroup Inc. reaffirmed a neutral rating on shares of Amec Foster Wheeler PLC in a report on Tuesday, July 5th. Finally, Canaccord Genuity upped their target price on shares of Amec Foster Wheeler PLC from GBX 675 ($8.81) to GBX 700 ($9.14) and gave the company a buy rating in a report on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 519.34 ($6.78).
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 565.9402 on Tuesday. The company has a 50-day moving average price of GBX 539.56 and a 200-day moving average price of GBX 480.60. Amec Foster Wheeler PLC has a 12 month low of GBX 321.60 and a 12 month high of GBX 844.00. The stock’s market cap is GBX 2.17 billion.
The company also recently declared a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 24th will be given a dividend of GBX 7.40 ($0.10) per share. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 1.37%.
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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