Credit Suisse Group AG reaffirmed their underperform rating on shares of Amec Foster Wheeler PLC (LON:AMEC) in a report issued on Friday, StockTargetPrices.com reports. The brokerage currently has a GBX 450 ($5.57) price target on the stock.
AMEC has been the subject of several other research reports. BNP Paribas reiterated a neutral rating and issued a GBX 530 ($6.56) target price on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Barclays PLC reiterated an overweight rating and issued a GBX 600 ($7.43) target price on shares of Amec Foster Wheeler PLC in a report on Wednesday, August 24th. Morgan Stanley upgraded shares of Amec Foster Wheeler PLC to an overweight rating and increased their target price for the company from GBX 500 ($6.19) to GBX 700 ($8.66) in a report on Friday, August 26th. Macquarie increased their target price on shares of Amec Foster Wheeler PLC from GBX 430 ($5.32) to GBX 460 ($5.69) and gave the company an underperform rating in a report on Friday, September 30th. Finally, Deutsche Bank AG began coverage on shares of Amec Foster Wheeler PLC in a report on Monday, July 11th. They set a hold rating and a GBX 470 ($5.82) price objective for the company. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Amec Foster Wheeler PLC 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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