Analysts Set Amec Foster Wheeler PLC (AMEC) Target Price at $545.41
Amec Foster Wheeler PLC (LON:AMEC) has been given an average rating of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 545.41 ($7.17).
A number of brokerages have issued reports on AMEC. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 615 ($8.09) price objective on shares of Amec Foster Wheeler PLC in a report on Friday, August 11th. Raymond James Financial, Inc. cut their price objective on shares of Amec Foster Wheeler PLC from GBX 540 ($7.10) to GBX 500 ($6.57) and set an “outperform” rating for the company in a report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed an “underperform” rating and set a GBX 414 ($5.44) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, September 6th.
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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