Liberum Capital Gives Amec Foster Wheeler PLC (LON:AMFW) a Higher Rating. Will Other Analysts Follow Suit?

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Amec Foster Wheeler PLC (LON:AMFW) Stock Upgrade

Shares of Amec Foster Wheeler PLC (LON:AMFW) stock were upgraded to a Hold by equity research analysts at Liberum Capital, who now have a target set at GBX 476.00 on AMFW. This target is 10.70% from AMFW’s current share price.

From a total of 13 analysts covering Amec Plc (LON:AMFW) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is GBX 1200 while the lowest target price is GBX 455. The mean of all analyst targets is GBX 731.56 with a 70.17% above today’s (GBX 429.9) stock price. Amec Plc was the topic of 37 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 27 with “Overweight” rating. Jefferies maintained shares with “Underperform” rating and GBX 455 target share price in a report from a November 9. BNP Paribas maintained AMFW stock in a recent report from November 19 with “Neutral” rating. Citigroup downgraded the rating on November 6. Citigroup has a “Neutral” rating and a GBX 630 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 11.

Approximately 36,836 shares of stock traded hands. Amec Foster Wheeler PLC (LON:AMFW) has declined 52.24% since May 7, 2015 and is downtrending. It has underperformed by 49.45% the S&P500.

 Liberum Capital Gives Amec Foster Wheeler PLC (LON:AMFW) a Higher Rating. Will Other Analysts Follow Suit?

Amec Foster Wheeler plc is engaged in designing, delivering and maintaining infrastructure assets across various markets that include mining, clean energy, power generation and infrastructure markets. The company has a market cap of 1.66 billion GBP. The Firm has the following operating divisions: Americas; Northern Europe & CIS; Asia, Middle East, Africa & Southern Europe ; Global Power Group, and Investment Services. It has 14.38 P/E ratio. The Company’s Americas segment is engaged in Oil & Gas, Mining, Clean Energy, and Environment and Infrastructure.

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