Today, Amec Foster Wheeler PLC (AMEC) Earns Underperform Rating from Credit Suisse Group AG

Today, Amec Foster Wheeler PLC (AMEC) Earns Underperform Rating from Credit Suisse Group AG

Amec Foster Wheeler PLC (LON:AMEC)‘s stock had its “underperform” rating reaffirmed by research analysts at Credit Suisse Group AG in a research note issued to investors on Friday, StockTargetPrices.com reports. They currently have a GBX 450 ($5.87) price target on the stock. Credit Suisse Group AG’s price objective points to a potential downside of 57.47% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Macquarie boosted their price target on Amec Foster Wheeler PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock an “underperform” rating in a research note on Friday, September 30th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 530 ($6.92) price objective on shares of Amec Foster Wheeler PLC in a report on Tuesday, September 20th. Barclays PLC reaffirmed an “overweight” rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Morgan Stanley raised Amec Foster Wheeler PLC to an “overweight” rating and lifted their price objective for the stock from GBX 500 ($6.53) to GBX 700 ($9.14) in a report on Friday, August 26th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a GBX 691.10 ($9.02) price objective on shares of Amec Foster Wheeler PLC in a report on Friday, August 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Amec Foster Wheeler PLC presently has a consensus rating of “Hold” and an average price target of GBX 517.69 ($6.76).

About Amec Foster Wheeler PLC

10/07/amec-foster-wheeler-plc-amec-earns-underperform-rating-from-credit-suisse-group-ag-2.html

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