Published On: Tue, Sep 20th, 2016

Amec Foster Wheeler PLC (AMEC) Research Coverage Started at Credit Suisse Group AG

Investment analysts at Credit Suisse Group AG began coverage on shares of Amec Foster Wheeler PLC (LON:AMEC) in a research note issued to investors on Monday, StockTargetPrices.com reports. The brokerage set an “underperform” rating and a GBX 450 ($5.87) price target on the stock. Credit Suisse Group AG’s price objective would suggest a potential downside of 57.47% from the stock’s previous close.
AMEC has been the topic of several other reports. BNP Paribas reissued a “neutral” rating and issued a GBX 530 ($6.92) target price on shares of Amec Foster Wheeler PLC in a research report on Tuesday, August 23rd. Deutsche Bank AG raised their target price on Amec Foster Wheeler PLC from GBX 470 ($6.13) to GBX 500 ($6.53) and gave the stock a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. dropped their target price on Amec Foster Wheeler PLC from GBX 619 ($8.08) to GBX 540 ($7.05) and set an “overweight” rating on the stock in a research report on Thursday, June 16th. Barclays PLC reissued an “overweight” rating on shares of Amec Foster Wheeler PLC in a research report on Wednesday, August 10th. Finally, Morgan Stanley raised Amec Foster Wheeler PLC to an “overweight” rating and raised their target price for the stock from GBX 500 ($6.53) to GBX 700 ($9.14) in a research report on Friday, August 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 515.82 ($6.73).
Amec Foster Wheeler PLC Company Profile

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Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services.

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