Amec Foster Wheeler PLC (LON:AMFW) has earned an average rating of “Hold” from the eighteen research firms that are presently covering the firm. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 516.13 ($6.74).
AMFW has been the topic of a number of recent research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 618 ($8.07) price target on shares of Amec Foster Wheeler PLC in a research note on Friday, June 3rd. JPMorgan Chase & Co. decreased their price target on shares of Amec Foster Wheeler PLC from GBX 619 ($8.08) to GBX 540 ($7.05) and set an “overweight” rating on the stock in a research note on Thursday, June 16th. BNP Paribas reissued a “neutral” rating and issued a GBX 495 ($6.46) target price on shares of Amec Foster Wheeler PLC in a research note on Monday, June 27th. Citigroup Inc. reissued a “neutral” rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Finally, Canaccord Genuity increased their target price on shares of Amec Foster Wheeler PLC from GBX 675 ($8.81) to GBX 700 ($9.14) and gave the company a “buy” rating in a research note on Friday, July 8th.
Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 571.50 on Wednesday. The company’s 50-day moving average is GBX 550.58 and its 200 day moving average is GBX 483.33. Amec Foster Wheeler PLC has a 1-year low of GBX 321.60 and a 1-year high of GBX 844.00. The company’s market cap is GBX 2.19 billion.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 24th will be issued a dividend of GBX 7.40 ($0.10) per share. This represents a yield of 1.37%. The ex-dividend date is Thursday, November 24th.
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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