Amec Foster Wheeler Stock Rating Lowered By Barclays
MarketBeat.com | Nov 01, 2016 06:27AM ET
Amec Foster Wheeler PLC (NYSE:AMFW) was downgraded by analysts at Barclays PLC's (NYSE:BCS) to an "equal weight" rating in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a GBX 500 ($6.10) price objective on the stock. Barclays PLC's price objective suggests a potential upside of 11.81% from the stock's previous close.
A number of other equities research analysts also recently issued reports on the company. Credit Suisse (NYSE:CS) initiated coverage on Amec Foster Wheeler PLC in a research note on Monday, September 19th. They set an "underperform" rating and a GBX 450 ($5.49) price target for the company.
Goldman Sachs downgraded Amec Foster Wheeler PLC to a "neutral" rating and cut their price target for the company from GBX 691.10 ($8.44) to GBX 518.80 ($6.33) in a research note on Friday, MarketBeat.com reports. Canaccord Genuity restated a "buy" rating and set a GBX 700 ($8.55) price target on shares of Amec Foster Wheeler PLC in a research note on Monday, October 3rd.
JP Morgan Chase & Co restated an "overweight" rating and set a GBX 520 ($6.35) price target (down from GBX 540 ($6.59)) on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 26th.
Finally, Citigroup Inc restated a "neutral" rating on shares of Amec Foster Wheeler PLC in a research note on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company's stock. The stock currently has an average rating of "Hold" and an average price target of GBX 499.78 ($6.10).
Shares of Amec Foster Wheeler PLC opened at 435.74 on Tuesday, MarketBeat.com reports. The company's 50 day moving average is GBX 566.52 and its 200 day moving average is GBX 500.74. Amec Foster Wheeler PLC has a one year low of GBX 321.60 and a one year high of GBX 772.00. The company's market capitalization is GBX 1.67 billion.
The firm also recently declared a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 24th will be issued a GBX 7.40 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a yield of 1.37%.
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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