Macquarie Boosts Amec Foster Wheeler PLC (AMEC) Price Target to GBX 460
Amec Foster Wheeler PLC (LON:AMEC) had its price objective lifted by Macquarie from GBX 430 ($5.61) to GBX 460 ($6.00) in a research report sent to investors on Friday, StockTargetPrices.com reports. They currently have an underperform rating on the stock.
A number of other brokerages have also recently commented on AMEC. JPMorgan Chase & Co. reduced their target price on Amec Foster Wheeler PLC from GBX 540 ($7.05) to GBX 520 ($6.79) and set an overweight rating for the company in a report on Tuesday, July 26th. Deutsche Bank AG initiated coverage on Amec Foster Wheeler PLC in a report on Monday, July 11th. They set a hold rating and a GBX 470 ($6.13) target price for the company. Barclays PLC reissued an overweight rating and set a GBX 600 ($7.83) target price on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 24th. Goldman Sachs Group Inc. reissued a buy rating and set a GBX 691.10 ($9.02) target price on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Finally, Canaccord Genuity reissued a buy rating and set a GBX 700 ($9.14) target price on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 517.69 ($6.76).
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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