Amec Foster Wheeler PLC’s (AMEC) Underperform Rating Reiterated at Jefferies Group LLC

Jefferies Group LLC reaffirmed their underperform rating on shares of Amec Foster Wheeler PLC (LON:AMEC) in a research report sent to investors on Wednesday, StockTargetPrices.com reports. They currently have a GBX 414 ($5.35) price target on the stock.

AMEC has been the topic of several other reports. Deutsche Bank AG restated a hold rating and issued a GBX 570 ($7.36) price target on shares of Amec Foster Wheeler PLC in a research report on Friday, May 19th. Raymond James Financial, Inc. reduced their price target on Amec Foster Wheeler PLC from GBX 540 ($6.97) to GBX 500 ($6.46) and set an outperform rating on the stock in a research report on Thursday, August 24th. Numis Securities Ltd upgraded Amec Foster Wheeler PLC to a buy rating and raised their price target for the stock from GBX 564 ($7.28) to GBX 670 ($8.65) in a research report on Tuesday, July 4th. Finally, Macquarie upgraded Amec Foster Wheeler PLC to an outperform rating and raised their price target for the stock from GBX 610 ($7.88) to GBX 725 ($9.36) in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 545.41 ($7.04).

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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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