Could Amec Foster Wheeler PLC Crash Even More? The Stock Had Another Big Decline Today

 Could Amec Foster Wheeler PLC Crash Even More? The Stock Had Another Big Decline Today

The stock of Amec Foster Wheeler PLC (LON:AMFW) is a huge mover today! The stock decreased 0.64% or GBX 2.64 on November 28, hitting GBX 407.07. About 1.49 million shares traded hands. Amec Foster Wheeler PLC (LON:AMFW) has declined 17.66% since April 29, 2016 and is downtrending. It has underperformed by 23.67% the S&P500.
The move comes after 7 months negative chart setup for the GBX 1.59B company. It was reported on Nov, 28 by Barchart.com. We have GBX 394.86 PT which if reached, will make LON:AMFW worth GBX 47.70 million less.

Amec Foster Wheeler PLC (LON:AMFW) Ratings Coverage

Out of 20 analysts covering Amec Plc (LON:AMFW), 6 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 30% are positive. Amec Plc has been the topic of 109 analyst reports since July 23, 2015 according to StockzIntelligence Inc. JP Morgan maintained Amec Foster Wheeler PLC (LON:AMFW) on Monday, July 27 with “Overweight” rating. The firm earned “Underperform” rating on Friday, September 30 by Macquarie Research. The stock of Amec Foster Wheeler PLC (LON:AMFW) earned “Underperform” rating by Jefferies on Thursday, October 22. The stock has “Neutral” rating given by Credit Suisse on Friday, October 28. Canaccord Genuity maintained Amec Foster Wheeler PLC (LON:AMFW) rating on Tuesday, February 2. Canaccord Genuity has “Buy” rating and GBX 640 price target. Goldman Sachs maintained Amec Foster Wheeler PLC (LON:AMFW) on Friday, November 6 with “Buy” rating. Canaccord Genuity maintained Amec Foster Wheeler PLC (LON:AMFW) on Thursday, November 5 with “Buy” rating. As per Monday, April 11, the company rating was maintained by Nomura. The firm earned “Buy” rating on Friday, March 18 by Societe Generale. The rating was downgraded by HSBC to “Hold” on Tuesday, January 26.

More notable recent Amec Foster Wheeler PLC (LON:AMFW) news were published by: Nasdaq.com which released: “AMEC Foster Wheeler Enters Oversold Territory (AMFW)” on November 28, 2016, also Bloomberg.com with their article: “Amec Foster Wheeler Slumps Most on Record After Payout Cut” published on November 05, 2015, Moodys.com published: “Moody’s downgrades Amec Foster Wheeler to Ba1 from Baa3; outlook stable” on November 12, 2015. More interesting news about Amec Foster Wheeler PLC (LON:AMFW) were released by: Moodys.com and their article: “Moody’s downgrades Amec Foster Wheeler’s ratings to Ba2; stable outlook” published on September 01, 2016 as well as Wsj.com‘s news article titled: “Amec Rescued by Foster Wheeler Acquisition, Says CEO” with publication date: November 13, 2015.

Amec Foster Wheeler plc operates across the gas and oil value chain from production to refining, processing and distribution of derivative products in gas and oil, mining, clean energy, and the environment and infrastructure markets. The company has a market cap of 1.59 billion GBP. The Company’s divisions include Americas; Northern Europe and CIS ; Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services. It currently has negative earnings. The NECIS unit operates in various markets, such as environment and infrastructure; clean energy, primarily in the nuclear industry, including asset support, decommissioning and new-build programs, and gas and oil, across the value chain and lifecycle for projects onshore and offshore.

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