Credit Suisse Group AG Reaffirms Neutral Rating for Amec Foster Wheeler PLC (AMFW)
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “neutral” rating reaffirmed by stock analysts at Credit Suisse Group AG in a report issued on Friday. They currently have a GBX 430 ($5.24) price target on the stock, down from their previous price target of GBX 450 ($5.48). Credit Suisse Group AG’s target price points to a potential downside of 7.71% from the company’s current price.
A number of other analysts have also recently issued reports on the company. Goldman Sachs Group Inc. cut Amec Foster Wheeler PLC to a “neutral” rating and cut their price objective for the company from GBX 691.10 ($8.42) to GBX 518.80 ($6.32) in a research report on Friday. Royal Bank Of Canada initiated coverage on Amec Foster Wheeler PLC in a report on Tuesday, October 11th. They set a “sector performer” rating and a GBX 650 ($7.92) price target for the company. Canaccord Genuity reissued a “buy” rating and set a GBX 700 ($8.53) price target on shares of Amec Foster Wheeler PLC in a report on Monday, October 3rd. Macquarie lifted their price target on Amec Foster Wheeler PLC from GBX 430 ($5.24) to GBX 460 ($5.61) and gave the stock an “underperform” rating in a report on Friday, September 30th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 530 ($6.46) price target on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 505.04 ($6.16).
Shares of Amec Foster Wheeler PLC (LON:AMFW) traded down 3.28% during mid-day trading on Friday, hitting GBX 450.60. The stock had a trading volume of 3,075,046 shares. The firm’s market cap is GBX 1.73 billion. The stock has a 50 day moving average price of GBX 573.70 and a 200 day moving average price of GBX 501.30. Amec Foster Wheeler PLC has a 52 week low of GBX 321.60 and a 52 week high of GBX 772.00.
The company also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 24th will be given a dividend of GBX 7.40 ($0.09) per share. The ex-dividend date is Thursday, November 24th. This represents a yield of 1.37%.
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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