Sellafield and BAE partner Amec Foster Wheeler returns to profit

Paterniano Del Favero
Agosto 10, 2017

One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the previous year is GBX 561.30 ($7.31).

Separately Amec Foster announced that its joint venture company Clough Amec has won a five-year contract to provide maintenance services to ammonia facilities in Western Australia that supply global and domestic fertiliser markets and explosives used in the mining industry.

A number of brokerages have recently issued reports on AMFW. Finally, Jefferies Group LLC restated an "underperform" rating and set a GBX 414 ($5.39) price target on shares of Amec Foster Wheeler PLC in a report on Monday, June 12th.

TRADEMARK VIOLATION NOTICE: This story was reported by Sports Perspectives and is the sole property of of Sports Perspectives. Numis Securities Ltd upgraded shares of AMEC Foster Wheeler plc American Depositary Shares from a "hold" rating to a "buy" rating in a research report on Tuesday, July 4th.

Amec Foster Wheeler PLC shares rose on Thursday as the oilfield services company managed to return to profit in the first half of 2017 despite experiencing a drastic drop in revenue, as it announced its first contract in the Australian petrochemicals space. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/08/08/amec-foster-wheeler-plc-lonamfw-given-consensus-recommendation-of-hold-by-analysts-updated-updated.html.

Amec Foster Wheeler confirmed that no dividend will be paid, having suspended dividend payments previous year until free cash flow is being generated. AMEC Foster Wheeler plc American Depositary Shares has a 12 month low of $4.96 and a 12 month high of $7.82. The firm has a 50-day moving average price of GBX 456.55 and a 200 day moving average price of GBX 493.55.

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.

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