Macquarie upgraded shares of Amec Foster Wheeler PLC (LON:AMEC) to an outperform rating in a report released on Wednesday, May 24th, StockTargetPrices.com reports. They currently have GBX 725 ($9.24) target price on the stock, up from their prior target price of GBX 610 ($7.77).
Other equities analysts have also recently issued reports about the company. Societe Generale reaffirmed a buy rating and set a GBX 650 ($8.28) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, March 14th. Numis Securities Ltd raised Amec Foster Wheeler PLC to a buy rating and raised their price target for the stock from GBX 564 ($7.19) to GBX 670 ($8.54) in a research report on Friday, April 7th. Deutsche Bank AG reissued a hold rating and set a GBX 570 ($7.26) price target on shares of Amec Foster Wheeler PLC in a research report on Friday, May 19th. BNP Paribas reissued a neutral rating and set a GBX 530 ($6.75) price target on shares of Amec Foster Wheeler PLC in a research report on Monday, March 20th. Finally, Citigroup Inc. downgraded Amec Foster Wheeler PLC to a neutral rating in a research report on Tuesday, March 14th. One 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’s stock. The company has an average rating of Hold and a consensus price target of GBX 553.14 ($7.05).
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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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