Amec Foster Wheeler PLC (LON:AMFW) Receives Average Rating of “Hold” from Brokerages

Shares of Amec Foster Wheeler PLC (LON:AMFW) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Market Beat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 698.03 ($10.39).

In related news, insider Connolly,John purchased 68,973 shares of the stock in a transaction dated Monday, November 9th. The stock was bought at an average cost of GBX 547 ($8.14) per share, for a total transaction of £377,282.31 ($561,432.01). Also, insider Brikho,Samir purchased 50,000 shares of the stock in a transaction dated Friday, November 20th. The shares were bought at an average price of GBX 458 ($6.82) per share, with a total value of £229,000 ($340,773.81).

A number of equities research analysts have recently weighed in on AMFW shares. Barclays lowered their price target on Amec Foster Wheeler PLC from GBX 1,200 ($17.86) to GBX 1,000 ($14.88) and set an “overweight” rating for the company in a report on Friday, November 6th. Goldman Sachs reiterated a “buy” rating and issued a GBX 850.30 ($12.65) price target on shares of Amec Foster Wheeler PLC in a report on Friday, November 6th. Jefferies Group lowered their price target on Amec Foster Wheeler PLC from GBX 520 ($7.74) to GBX 455 ($6.77) and set an “underperform” rating for the company in a report on Monday, November 9th. Nomura reiterated a “buy” rating and issued a GBX 1,000 ($14.88) price target on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,050 ($15.63) price target on shares of Amec Foster Wheeler PLC in a report on Wednesday, September 23rd.

Amec Foster Wheeler PLC (LON:AMFW) traded up 1.0492% on Monday, reaching GBX 433.4000. The company’s stock had a trading volume of 1,005,740 shares. The firm has a 50-day moving average price of GBX 431.88 and a 200 day moving average price of GBX 693.79. Amec Foster Wheeler PLC has a 52-week low of GBX 379.60 and a 52-week high of GBX 1,003.00.

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 the following operating segments: Americas; Northern Europe & CIS; Asia, Middle East, Africa & Southern Europe (LON:AMFW); Global Power Group, and Investment Services. The Company’s Americas segment is engaged in Oil & Gas, Mining, Clean Energy, and Environment and Infrastructure. The Company’s Northern Europe & CIS segment is engaged in the Oil & Gas, Clean Energy, and Environment and Infrastructure areas. The Company’s AMEA segment is engaged in projects, which include providing asset support for gas facilities in East Timor Sea, operational readiness services in offshore Australia, and onshore turnaround and maintenance support in Australia.

 

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