Amec Foster Wheeler PLC (AMEC) Stock Rating Upgraded by Numis Securities Ltd

Amec Foster Wheeler PLC (LON:AMEC) was upgraded by equities researchers at Numis Securities Ltd to a “buy” rating in a report released on Friday, StockTargetPrices.com reports. The firm currently has a GBX 670 ($8.43) price target on the stock, up from their prior price target of GBX 564 ($7.10). Numis Securities Ltd’s price target would indicate a potential downside of 36.67% from the stock’s current price.

AMEC has been the subject of several other reports. Jefferies Group LLC reiterated an “underperform” rating and set a GBX 310 ($3.90) target price on shares of Amec Foster Wheeler PLC in a research report on Monday, February 6th. Canaccord Genuity reiterated a “buy” rating and set a GBX 600 ($7.55) target price on shares of Amec Foster Wheeler PLC in a research report on Friday, January 6th. Barclays PLC lifted their target price on Amec Foster Wheeler PLC from GBX 500 ($6.29) to GBX 530 ($6.67) and gave the stock an “equal weight” rating in a research report on Tuesday, January 17th. Goldman Sachs Group Inc restated a “neutral” rating and issued a GBX 441.80 ($5.56) price objective on shares of Amec Foster Wheeler PLC in a report on Wednesday, February 8th. Finally, BNP Paribas lifted their price objective on Amec Foster Wheeler PLC from GBX 395 ($4.97) to GBX 425 ($5.35) and gave the company an “underperform” rating in a report on Friday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 536.60 ($6.75).

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

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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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