Royal Bank Of Canada Initiates Coverage on Amec Foster Wheeler PLC (AMEC)
Analysts at Royal Bank Of Canada initiated coverage on shares of Amec Foster Wheeler PLC (LON:AMEC) in a research note issued on Tuesday, StockTargetPrices.com reports. The firm set a “sector performer” rating and a GBX 650 ($8.04) price target on the stock. Royal Bank Of Canada’s target price suggests a potential downside of 38.56% from the stock’s previous close.
A number of other brokerages have also recently issued reports on AMEC. Barclays PLC reiterated an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Morgan Stanley upgraded Amec Foster Wheeler PLC to an “overweight” rating and boosted their target price for the stock from GBX 500 ($6.19) to GBX 700 ($8.66) in a report on Friday, August 26th. BNP Paribas reiterated a “neutral” rating and set a GBX 530 ($6.56) target price on shares of Amec Foster Wheeler PLC in a report on Tuesday, August 23rd. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 691.10 ($8.55) target price on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Finally, Societe Generale reiterated a “buy” rating and set a GBX 613 ($7.59) 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, eight have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 525.48 ($6.50).
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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