Reaffirmed: Amec Foster Wheeler PLC (LON:AMFW) Neutral Rating Restated by research analysts Exane BNP Paribas; GBX 520.00 Target in Place

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Amec Foster Wheeler PLC (LON:AMFW) Rating Reaffirmed

London: In an analyst note revealed to investors on Friday morning, Exane BNP Paribas has decided to restate their Neutral rating on Amec Foster Wheeler PLC (LON:AMFW) shares. They now have a GBX 520.00 Estimated Target Price on the firm. Exane BNP Paribas’s target would suggest a potential upside of 31.98% from the company’s previous close.

From a total of 14 analysts covering Amec Plc (LON:AMFW) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 43% 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 686.16 with a 74.82% above today’s (GBX 392.5) stock price. Amec Plc was the topic of 39 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 16 with “Overweight” rating. JP Morgan maintained shares with “Overweight” rating and GBX 739 target share price in a report from a November 11. Citigroup maintained AMFW stock in a recent report from November 26 with “Neutral” rating. Jefferies maintained the rating on November 9. Jefferies has a “Underperform” rating and a GBX 455 price target on shares. Finally, Nomura maintained the stock with “Buy” rating in a report issued on a November 11.

The stock closed the day at GBX 392.5 during the previous session. It is down 58.16% since May 21, 2015 and is downtrending. It has underperformed by 55.89% the S&P500.

Reaffirmed: Amec Foster Wheeler PLC (LON:AMFW) Neutral Rating Restated by research analysts Exane BNP Paribas; GBX 520.00 Target in Place

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 1.54 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 13.12 P/E ratio. The Company’s Americas segment is engaged in Oil & Gas, Mining, Clean Energy, and Environment and Infrastructure.

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