Amec Foster Wheeler PLC (AMFW) Price Target Increased to GBX 460 by Analysts at Macquarie
Amec Foster Wheeler PLC (LON:AMFW) had its target price raised by Macquarie from GBX 430 ($5.61) to GBX 460 ($6.00) in a report released on Friday morning. They currently have an underperform rating on the stock.
Several other equities analysts have also issued reports on AMFW. Barclays PLC reaffirmed an overweight rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. BNP Paribas reissued a neutral rating and set a GBX 580 ($7.57) price objective (up from GBX 530 ($6.92)) on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Canaccord Genuity reissued a buy rating and set a GBX 700 ($9.14) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 31st. Morgan Stanley raised Amec Foster Wheeler PLC to an overweight rating and increased their price objective for the company from GBX 500 ($6.53) to GBX 700 ($9.14) in a report on Friday, August 26th. Finally, Credit Suisse Group AG started coverage on Amec Foster Wheeler PLC in a report on Monday, September 19th. They set an underperform rating and a GBX 450 ($5.87) price objective for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 521.01 ($6.80).
Amec Foster Wheeler PLC (LON:AMFW) opened at 574.00 on Friday. The firm’s market capitalization is GBX 2.20 billion. The firm has a 50-day moving average price of GBX 550.58 and a 200 day moving average price of GBX 483.33. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 844.00.
The company also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be given a dividend of GBX 7.40 ($0.10) per share. The ex-dividend date of this dividend is Thursday, November 24th. This represents a yield of 1.37%.
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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