Amec Foster Wheeler PLC (AMEC) Given Average Rating of “Hold” by Brokerages

Shares of Amec Foster Wheeler PLC (LON:AMEC) have received an average rating of “Hold” from the fifteen ratings firms that are covering the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 508.99 ($6.29).

AMEC has been the topic of several analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 600 ($7.41) target price on shares of Amec Foster Wheeler PLC in a report on Thursday, December 1st. Numis Securities Ltd initiated coverage on shares of Amec Foster Wheeler PLC in a research note on Monday, December 5th. They issued a “buy” rating and a GBX 557 ($6.88) price target on the stock. Societe Generale reiterated a “buy” rating and issued a GBX 650 ($8.03) price target on shares of Amec Foster Wheeler PLC in a research note on Tuesday, March 14th. Barclays PLC increased their price target on shares of Amec Foster Wheeler PLC from GBX 500 ($6.18) to GBX 530 ($6.55) and gave the company an “equal weight” rating in a research note on Tuesday, January 17th. Finally, Goldman Sachs Group Inc dropped their price target on shares of Amec Foster Wheeler PLC from GBX 518.80 ($6.41) to GBX 441.80 ($5.46) and set a “neutral” rating on the stock in a research note on Friday, December 16th.

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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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