Amec Foster Wheeler PLC (AMEC) Earns Underperform Rating from Credit Suisse Group AG
Amec Foster Wheeler PLC (LON:AMEC)‘s stock had its “underperform” rating restated by Credit Suisse Group AG in a report issued on Friday, StockTargetPrices.com reports. They currently have a GBX 450 ($5.87) target price on the stock. Credit Suisse Group AG’s target price indicates a potential downside of 57.47% from the stock’s previous close.
AMEC has been the topic of a number of other reports. BNP Paribas restated a “neutral” rating and issued a GBX 530 ($6.92) target price on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 600 ($7.83) price objective on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 24th. Morgan Stanley raised shares of Amec Foster Wheeler PLC to an “overweight” rating and upped their price objective for the company from GBX 500 ($6.53) to GBX 700 ($9.14) in a research note on Friday, August 26th. Macquarie upped their price objective on shares of Amec Foster Wheeler PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the company an “underperform” rating in a research note on Friday, September 30th. Finally, Deutsche Bank AG assumed coverage on shares of Amec Foster Wheeler PLC in a research note on Monday, July 11th. They set a “hold” rating and a GBX 470 ($6.13) price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 517.69 ($6.76).
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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