Analysts Set Amec Foster Wheeler PLC (AMEC) Price Target at $545.41

Amec Foster Wheeler PLC (LON:AMEC) has received a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 545.41 ($7.04).

AMEC has been the subject of a number of analyst reports. Numis Securities Ltd raised Amec Foster Wheeler PLC to a “buy” rating and raised their price objective for the company from GBX 564 ($7.28) to GBX 670 ($8.65) in a research report on Tuesday, July 4th. Macquarie raised Amec Foster Wheeler PLC to an “outperform” rating and raised their price objective for the company from GBX 610 ($7.88) to GBX 725 ($9.36) in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 414 ($5.35) price objective on shares of Amec Foster Wheeler PLC in a research report on Monday, June 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 570 ($7.36) price objective on shares of Amec Foster Wheeler PLC in a research report on Friday, May 19th. Finally, Raymond James Financial, Inc. reduced their price objective on Amec Foster Wheeler PLC from GBX 540 ($6.97) to GBX 500 ($6.46) and set an “outperform” rating for the company in a research report on Thursday, August 24th.

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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.

Analyst Recommendations for Amec Foster Wheeler PLC (LON:AMEC)

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