Amec Foster Wheeler PLC (AMFW) Now Covered by Credit Suisse Group AG
Stock analysts at Credit Suisse Group AG started coverage on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research report issued to clients and investors on Monday. The brokerage set an “underperform” rating and a GBX 450 ($5.99) price target on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 16.19% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 700 ($9.32) price target on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 618 ($8.23) price target on shares of Amec Foster Wheeler PLC in a research note on Friday, June 3rd. Societe Generale reaffirmed a “buy” rating and set a GBX 613 ($8.16) price target on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 10th. Deutsche Bank AG started coverage on Amec Foster Wheeler PLC in a research note on Monday, July 11th. They set a “hold” rating and a GBX 470 ($6.26) price target for the company. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Three 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 522.12 ($6.95).
Amec Foster Wheeler PLC (LON:AMFW) opened at 536.9288 on Monday. The firm’s market capitalization is GBX 2.06 billion. Amec Foster Wheeler PLC has a 1-year low of GBX 321.60 and a 1-year high of GBX 844.00. The company has a 50-day moving average price of GBX 524.90 and a 200 day moving average price of GBX 476.74.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be given a GBX 7.40 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 1.37%.
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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