Trade Report: The Amec Foster Wheeler PLC’s (AMFW) “Buy” Rating Reaffirmed at Canaccord Genuity

The Amec Foster Wheeler PLC’s (AMFW) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Amec Foster Wheeler PLC (LON:AMFW) in a research note released on Monday morning. Canaccord Genuity currently has a GBX 700 ($9.14) price objective on the stock.

A number of other brokerages have also weighed in on AMFW. Barclays PLC restated an overweight rating on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Macquarie boosted their price objective on shares of Amec Foster Wheeler PLC from GBX 430 ($5.61) to GBX 460 ($6.00) and gave the stock an underperform rating in a report on Friday, September 30th. BNP Paribas restated a neutral rating and issued a GBX 580 ($7.57) price objective (up from GBX 530 ($6.92)) on shares of Amec Foster Wheeler PLC in a report on Monday, September 12th. Morgan Stanley upgraded shares of Amec Foster Wheeler PLC to an overweight rating and boosted their price objective for the stock from GBX 500 ($6.53) to GBX 700 ($9.14) in a report on Friday, August 26th. Finally, Credit Suisse Group AG began coverage on shares of Amec Foster Wheeler PLC in a report on Monday, September 19th. They issued an underperform rating and a GBX 450 ($5.87) price objective for the company. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 521.01 ($6.80).

Shares of Amec Foster Wheeler PLC (LON:AMFW) opened at 610.00 on Monday. The firm has a 50-day moving average of GBX 557.89 and a 200-day moving average of GBX 485.94. The firm’s market capitalization is GBX 2.34 billion. Amec Foster Wheeler PLC has a 12-month low of GBX 321.60 and a 12-month high of GBX 841.50.

The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 24th will be given a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, November 24th.

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