Trading Report: The Amec Foster Wheeler PLC (AMFW) PT Decreased to GBX 470 at Deutsche Bank AG

The Amec Foster Wheeler PLC (AMFW) PT Decreased to GBX 470 at Deutsche Bank AG

Amec Foster Wheeler PLC (LON:AMFW) had its target price cut by analysts at Deutsche Bank AG from GBX 500 ($6.25) to GBX 470 ($5.87) in a report released on Wednesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s target price suggests a potential upside of 14.72% from the stock’s previous close.

Several other analysts have also issued reports on AMFW. Citigroup Inc. restated a “neutral” rating on shares of Amec Foster Wheeler PLC in a research report on Tuesday, July 5th. Canaccord Genuity boosted their target price on shares of Amec Foster Wheeler PLC from GBX 675 ($8.43) to GBX 700 ($8.75) and gave the company a “buy” rating in a research report on Friday, July 8th. Goldman Sachs Group Inc. restated a “buy” rating and set a GBX 690.40 ($8.63) target price on shares of Amec Foster Wheeler PLC in a research report on Wednesday, July 20th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 520 ($6.50) target price (down from GBX 540 ($6.75)) on shares of Amec Foster Wheeler PLC in a research report on Tuesday, July 26th. Finally, Societe Generale restated a “buy” rating and set a GBX 613 ($7.66) target price on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 486.71 ($6.08).

Amec Foster Wheeler PLC (LON:AMFW) traded down 2.73% during mid-day trading on Wednesday, hitting GBX 412.50. 831,335 shares of the stock traded hands. The company’s 50 day moving average is GBX 500.55 and its 200 day moving average is GBX 493.43. Amec Foster Wheeler PLC has a 12 month low of GBX 321.60 and a 12 month high of GBX 631.00. The company’s market cap is GBX 1.58 billion.

Related posts

Leave a Comment