Today: Amec Foster Wheeler PLC (AMFW) Coverage Initiated by Analysts at Royal Bank Of Canada

Today: Amec Foster Wheeler PLC (AMFW) Coverage Initiated by Analysts at Royal Bank Of Canada

Royal Bank Of Canada assumed coverage on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research note released on Tuesday. The firm issued a sector performer rating and a GBX 650 ($8.04) target price on the stock.

AMFW has been the topic of a number of other research reports. Morgan Stanley upgraded Amec Foster Wheeler PLC to an overweight rating and boosted their price objective for the stock from GBX 500 ($6.19) to GBX 700 ($8.66) in a research note on Friday, August 26th. BNP Paribas restated a neutral rating and set a GBX 580 ($7.18) price objective (up previously from GBX 530 ($6.56)) on shares of Amec Foster Wheeler PLC in a research note on Monday, September 12th. Barclays PLC restated an overweight rating and set a GBX 600 ($7.43) price objective on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 24th. Credit Suisse Group AG restated an underperform rating and set a GBX 450 ($5.57) price objective on shares of Amec Foster Wheeler PLC in a research note on Friday, October 7th. Finally, Canaccord Genuity restated a buy rating and set a GBX 700 ($8.66) price objective on shares of Amec Foster Wheeler PLC in a research note on Wednesday, August 31st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 527.79 ($6.53).

Amec Foster Wheeler PLC (LON:AMFW) opened at 614.05 on Tuesday. Amec Foster Wheeler PLC has a 1-year low of GBX 321.60 and a 1-year high of GBX 824.00. The company’s 50-day moving average price is GBX 569.27 and its 200-day moving average price is GBX 492.02. The stock’s market cap is GBX 2.35 billion.

The business also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be issued a dividend of GBX 7.40 ($0.09) per share. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, November 24th.

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