Analysts at Royal Bank Of Canada initiated coverage on shares of Amec Foster Wheeler PLC (LON:AMFW) in a report released on Tuesday. The firm set a “sector performer” rating and a GBX 650 ($8.04) price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 4.92% from the stock’s current price.
A number of other equities research analysts have also issued reports on AMFW. JPMorgan Chase & Co. dropped their target price on shares of Amec Foster Wheeler PLC from GBX 619 ($7.66) to GBX 540 ($6.68) and set an “overweight” rating for the company in a report on Thursday, June 16th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 618.50 ($7.65) target price on shares of Amec Foster Wheeler PLC in a report on Monday, June 27th. BNP Paribas reaffirmed a “neutral” rating and set a GBX 495 ($6.13) target price on shares of Amec Foster Wheeler PLC in a report on Monday, June 27th. 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 ($8.35) to GBX 700 ($8.66) and gave the stock a “buy” rating in a report on Friday, July 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 527.79 ($6.53).
Amec Foster Wheeler PLC (LON:AMFW) opened at 622.50 on Tuesday. The firm’s 50-day moving average is GBX 562.94 and its 200-day moving average is GBX 488.40. Amec Foster Wheeler PLC has a 52-week low of GBX 321.60 and a 52-week high of GBX 841.50. The stock’s market cap is GBX 2.38 billion.
The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be given a GBX 7.40 ($0.09) dividend. The ex-dividend date is Thursday, November 24th. This represents a yield of 1.37%.
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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