Numis Securities Ltd Reiterates “Buy” Rating for Amec Foster Wheeler PLC (AMEC)
Amec Foster Wheeler PLC (LON:AMEC)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a report released on Friday, StockTargetPrices.com reports. They currently have a GBX 615 ($8.01) target price on the stock. Numis Securities Ltd’s target price would suggest a potential downside of 41.87% from the company’s previous close.
Other research analysts also recently issued reports about the stock. Jefferies Group LLC reaffirmed an “underperform” rating and issued a GBX 414 ($5.39) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, April 18th. Macquarie raised shares of Amec Foster Wheeler PLC to an “outperform” rating and lifted their price objective for the company from GBX 610 ($7.94) to GBX 725 ($9.44) in a report on Wednesday, May 24th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 570 ($7.42) price objective on shares of Amec Foster Wheeler PLC in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 548.91 ($7.15).
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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.
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