Shares of Amec Foster Wheeler PLC (LON:AMEC) have been assigned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 510.21 ($6.66).
A number of research firms recently issued reports on AMEC. BNP Paribas reissued a “neutral” rating and issued a GBX 530 ($6.92) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Credit Suisse Group AG began coverage on shares of Amec Foster Wheeler PLC in a report on Monday, September 19th. They issued an “underperform” rating and a GBX 450 ($5.87) price objective on the stock. Barclays PLC reissued an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Morgan Stanley raised shares of Amec Foster Wheeler PLC to an “overweight” rating and raised their price objective for the stock from GBX 500 ($6.53) to GBX 700 ($9.14) in a report on Friday, August 26th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 691.10 ($9.02) price objective on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th.
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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