Trading Report: The AMEC Foster Wheeler plc American Depositary Shares (AMFW) Coverage Initiated by Analysts at Royal Bank Of Canada

The AMEC Foster Wheeler plc American Depositary Shares (AMFW) Coverage Initiated by Analysts at Royal Bank Of Canada

Royal Bank Of Canada initiated coverage on shares of AMEC Foster Wheeler plc American Depositary Shares (NASDAQ:AMFW) in a research note released on Tuesday. The firm issued a sector perform rating on the stock.

AMFW has been the topic of several other reports. Credit Suisse Group AG assumed coverage on shares of AMEC Foster Wheeler plc American Depositary Shares in a research report on Monday, September 19th. They set an underperform rating on the stock. Citigroup Inc. lowered shares of AMEC Foster Wheeler plc American Depositary Shares from a buy rating to a neutral rating in a research report on Tuesday, July 5th. Finally, Bank of America Corp. raised shares of AMEC Foster Wheeler plc American Depositary Shares from a neutral rating to a buy rating in a research report on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold.

AMEC Foster Wheeler plc American Depositary Shares (NASDAQ:AMFW) traded down 2.26% on Tuesday, hitting $7.35. 12,387 shares of the stock were exchanged. The company has a 50 day moving average of $7.31 and a 200 day moving average of $6.63. AMEC Foster Wheeler plc American Depositary Shares has a one year low of $4.57 and a one year high of $12.62. The stock’s market capitalization is $2.82 billion.

A number of hedge funds have recently bought and sold shares of the company. Timber Hill LLC raised its position in shares of AMEC Foster Wheeler plc American Depositary Shares by 1.1% in the second quarter. Timber Hill LLC now owns 18,105 shares of the company’s stock valued at $118,000 after buying an additional 205 shares during the last quarter. Capstone Asset Management Co. bought a new position in shares of AMEC Foster Wheeler plc American Depositary Shares during the second quarter valued at $119,000. Raymond James & Associates raised its position in shares of AMEC Foster Wheeler plc American Depositary Shares by 110.9% in the second quarter. Raymond James & Associates now owns 23,619 shares of the company’s stock valued at $154,000 after buying an additional 12,422 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of AMEC Foster Wheeler plc American Depositary Shares by 15.6% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,862 shares of the company’s stock valued at $176,000 after buying an additional 3,622 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of AMEC Foster Wheeler plc American Depositary Shares by 8.8% in the second quarter. JPMorgan Chase & Co. now owns 191,831 shares of the company’s stock valued at $1,253,000 after buying an additional 15,481 shares during the last quarter.

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