Amec Foster Wheeler PLC (AMFW) Receives “Buy” Rating from Canaccord Genuity
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday. They currently have a GBX 600 ($7.44) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 37.61% from the stock’s current price.
AMFW has been the topic of a number of other research reports. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 450 ($5.58) price objective on shares of Amec Foster Wheeler PLC in a research report on Friday, October 7th. Deutsche Bank AG upped their price objective on Amec Foster Wheeler PLC from GBX 470 ($5.83) to GBX 500 ($6.20) and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Morgan Stanley raised Amec Foster Wheeler PLC to an “overweight” rating and upped their price objective for the stock from GBX 500 ($6.20) to GBX 700 ($8.68) in a research report on Friday, August 26th. Finally, Macquarie upped their price objective on Amec Foster Wheeler PLC from GBX 430 ($5.33) to GBX 460 ($5.71) and gave the stock an “underperform” rating in a research report on Friday, September 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 486.71 ($6.04).
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 459.45 on Thursday. The firm’s market cap is GBX 1.76 billion. The firm’s 50-day moving average price is GBX 492.39 and its 200-day moving average price is GBX 493.61. Amec Foster Wheeler PLC has a 12 month low of GBX 321.60 and a 12 month high of GBX 631.00.
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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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