November 25, 2016 - By Darrin Black
In analysts note issued to clients and investors on Friday, 25 November, Amec Foster Wheeler (LON:AMFW) stock had its Neutral Rating kept by equity analysts at UBS. They currently have a GBX 440.00 price target on company. UBS’s target gives a potential upside of 5.34% from the company’s last close price.
Out of 20 analysts covering Amec Plc (LON:AMFW), 6 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 30% are positive. GBX 1200 is the highest target while GBX 295 is the lowest. The GBX 504.29 average target is 21.05% above today’s (GBX 416.58) stock price. Amec Plc has been the topic of 108 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Amec Foster Wheeler PLC (LON:AMFW) has “Neutral” rating given on Monday, April 11 by Nomura. As per Monday, October 3, the company rating was maintained by Canaccord Genuity. The stock of Amec Foster Wheeler PLC (LON:AMFW) has “Neutral” rating given on Monday, September 12 by BNP Paribas. The company was maintained on Friday, November 27 by Barclays Capital. The firm earned “Overweight” rating on Wednesday, September 30 by Barclays Capital. Macquarie Research upgraded the shares of AMFW in a report on Wednesday, November 9 to “Neutral” rating. JP Morgan maintained Amec Foster Wheeler PLC (LON:AMFW) rating on Monday, August 17. JP Morgan has “Overweight” rating and GBX 991 price target. The rating was maintained by Societe Generale on Friday, September 4 with “Buy”. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 11 report. The rating was maintained by Goldman Sachs with “Buy” on Friday, June 3.
About 310,958 shares traded hands. Amec Foster Wheeler PLC (LON:AMFW) has declined 16.35% since April 27, 2016 and is downtrending. It has underperformed by 21.75% the S&P500.
Amec Foster Wheeler plc operates across the gas and oil value chain from production to refining, processing and distribution of derivative products in gas and oil, mining, clean energy, and the environment and infrastructure markets. The company has a market cap of 1.62 billion GBP. The Company’s divisions include Americas; Northern Europe and CIS ; Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services. It currently has negative earnings. The NECIS unit operates in various markets, such as environment and infrastructure; clean energy, primarily in the nuclear industry, including asset support, decommissioning and new-build programs, and gas and oil, across the value chain and lifecycle for projects onshore and offshore.
More recent Amec Foster Wheeler PLC (LON:AMFW) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: AMEC Foster Wheeler, Fortune Brands Home & Security and …” on November 18, 2016. Also Marketwatch.com published the news titled: “Amec Foster on course to hit yearly targets” on October 27, 2016. Moodys.com‘s news article titled: “Moody’s downgrades Amec Foster Wheeler’s ratings to Ba2; stable outlook” with publication date: September 01, 2016 was also an interesting one.
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By Darrin Black