Equities research analysts at Credit Suisse Group AG initiated coverage on shares of Amec Foster Wheeler PLC (LON:AMFW) in a report issued on Monday. The brokerage set an “underperform” rating and a GBX 450 ($5.87) price target on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 16.43% from the company’s current price.
AMFW has been the topic of a number of other research reports. Deutsche Bank AG upped their price target on shares of Amec Foster Wheeler PLC from GBX 470 ($6.13) to GBX 500 ($6.53) and gave the company a “hold” rating in a research note on Wednesday, August 10th. Barclays PLC reiterated an “overweight” rating on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Citigroup Inc. reiterated a “neutral” rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Morgan Stanley upgraded shares of Amec Foster Wheeler PLC to an “overweight” rating and upped their price target for the company from GBX 500 ($6.53) to GBX 700 ($9.14) in a research note on Friday, August 26th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 495 ($6.46) price target on shares of Amec Foster Wheeler PLC in a research note on Monday, June 27th. 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. Amec Foster Wheeler PLC currently has an average rating of “Hold” and an average price target of GBX 519.34 ($6.78).
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 538.50 on Monday. The company has a 50 day moving average of GBX 529.89 and a 200-day moving average of GBX 479.57. The firm’s market cap is GBX 2.06 billion. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 844.00.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 24th will be paid a GBX 7.40 ($0.10) dividend. This represents a yield of 1.37%. The ex-dividend date is Thursday, November 24th.
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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