Amec Foster Wheeler PLC (LON:AMEC) Upgraded at Numis Securities Ltd

Numis Securities Ltd upgraded shares of Amec Foster Wheeler PLC (LON:AMEC) to a buy rating in a report issued on Tuesday, July 4th, StockTargetPrices.com reports. The firm currently has GBX 670 ($8.68) price objective on the stock, up from their previous price objective of GBX 564 ($7.31).

A number of other analysts also recently issued reports on AMEC. Citigroup Inc. downgraded shares of Amec Foster Wheeler PLC to a neutral rating in a report on Tuesday, March 14th. Macquarie upgraded shares of Amec Foster Wheeler PLC to an outperform rating and raised their price objective for the stock from GBX 610 ($7.90) to GBX 725 ($9.39) in a report on Wednesday, May 24th. Jefferies Group LLC restated an underperform rating and set a GBX 414 ($5.36) price objective on shares of Amec Foster Wheeler PLC in a report on Monday, June 12th. Societe Generale restated a buy rating and set a GBX 650 ($8.42) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, March 14th. Finally, Deutsche Bank AG restated a hold rating and set a GBX 570 ($7.38) price objective on shares of Amec Foster Wheeler PLC in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 553.14 ($7.17).

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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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