Amec Foster Wheeler PLC (AMFW) Earns “Underperform” Rating from BNP Paribas
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “underperform” rating restated by stock analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 395 ($4.90) price target on the stock. BNP Paribas’ price objective points to a potential downside of 9.40% from the stock’s previous close.
A number of other brokerages have also weighed in on AMFW. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 520 ($6.45) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Barclays PLC reissued an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Royal Bank Of Canada started coverage on shares of Amec Foster Wheeler PLC in a report on Tuesday, October 11th. They set a “sector performer” rating and a GBX 650 ($8.06) price objective on the stock. Goldman Sachs Group Inc. lowered shares of Amec Foster Wheeler PLC to a “neutral” rating and dropped their price objective for the company from GBX 691.10 ($8.57) to GBX 518.80 ($6.44) in a report on Friday, October 28th. Finally, Societe Generale reissued a “buy” rating and set a GBX 613 ($7.60) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 486.71 ($6.04).
Amec Foster Wheeler PLC (LON:AMFW) opened at 456.50 on Thursday. Amec Foster Wheeler PLC has a 12 month low of GBX 321.60 and a 12 month high of GBX 631.00. The stock’s 50 day moving average price is GBX 492.39 and its 200-day moving average price is GBX 493.61. The stock’s market cap is GBX 1.75 billion.
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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