Amec Foster Wheeler PLC (AMFW) Receives Neutral Rating from BNP Paribas
Amec Foster Wheeler PLC (LON:AMFW)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report issued on Tuesday. They currently have a GBX 530 ($6.92) price objective on the stock. BNP Paribas’ price target would indicate a potential downside of 2.39% from the company’s current price.
Other research analysts have also recently issued reports about the company. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 618 ($8.07) target price on shares of Amec Foster Wheeler PLC in a research note on Friday, June 3rd. Canaccord Genuity boosted their target price on Amec Foster Wheeler PLC from GBX 675 ($8.81) to GBX 700 ($9.14) and gave the stock a “buy” rating in a research note on Friday, July 8th. Societe Generale reissued a “buy” rating and set a GBX 613 ($8.00) target price on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Deutsche Bank AG boosted their target price on Amec Foster Wheeler PLC from GBX 470 ($6.13) to GBX 500 ($6.53) and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 519.34 ($6.78).
Amec Foster Wheeler PLC (LON:AMFW) opened at 535.00 on Tuesday. The firm’s market capitalization is GBX 2.05 billion. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 844.00. The stock has a 50 day moving average price of GBX 529.65 and a 200-day moving average price of GBX 478.83.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be paid a dividend of GBX 7.40 ($0.10) per share. 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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