Canaccord Genuity reiterated their buy rating on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research report report published on Monday morning. Canaccord Genuity currently has a GBX 700 ($9.14) price target on the stock.
Several other equities research analysts have also recently weighed in on the stock. BNP Paribas reaffirmed a neutral rating and set a GBX 530 ($6.92) price objective on shares of Amec Foster Wheeler PLC in a research report on Tuesday, September 20th. Macquarie boosted their target price on Amec Foster Wheeler PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock an underperform rating in a research note on Friday. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 520 ($6.79) target price on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Barclays PLC reissued an overweight rating on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Finally, Goldman Sachs Group Inc. reissued a buy rating and set a GBX 691.10 ($9.02) target price on shares of Amec Foster Wheeler PLC in a research note on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 521.01 ($6.80).
Shares of Amec Foster Wheeler PLC (LON:AMFW) traded up 2.08% on Monday, hitting GBX 588.50. 760,186 shares of the stock traded hands. The stock has a 50 day moving average of GBX 553.36 and a 200-day moving average of GBX 483.93. The stock’s market cap is GBX 2.25 billion. Amec Foster Wheeler PLC has a 1-year low of GBX 321.60 and a 1-year high of GBX 844.00.
The firm also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be issued a dividend of GBX 7.40 ($0.10) per share. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 24th.
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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