Amec Foster Wheeler PLC (AMFW) Receives Underperform Rating from Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their underperform rating on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research note released on Friday. Credit Suisse Group AG currently has a GBX 450 ($5.87) price target on the stock.
AMFW has been the topic of a number of other research reports. Morgan Stanley upgraded Amec Foster Wheeler PLC to an overweight rating and boosted their price objective for the stock from GBX 500 ($6.53) to GBX 700 ($9.14) in a research report on Friday, August 26th. BNP Paribas restated a neutral rating and set a GBX 580 ($7.57) price objective (up previously from GBX 530 ($6.92)) on shares of Amec Foster Wheeler PLC in a research report on Monday, September 12th. Barclays PLC restated an overweight rating and set a GBX 600 ($7.83) price objective on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 24th. Canaccord Genuity restated a buy rating and set a GBX 700 ($9.14) price objective on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 31st. Finally, Deutsche Bank AG boosted their price objective 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 report on Wednesday, August 10th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 521.01 ($6.80).
Amec Foster Wheeler PLC (LON:AMFW) traded up 2.05% during midday trading on Friday, hitting GBX 621.00. The stock had a trading volume of 1,550,787 shares. The stock’s market capitalization is GBX 2.38 billion. Amec Foster Wheeler PLC has a 52 week low of GBX 321.60 and a 52 week high of GBX 841.50. The company’s 50 day moving average price is GBX 560.15 and its 200-day moving average price is GBX 486.79.
The business also recently disclosed a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be paid a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 24th.
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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