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