AMEC Foster Wheeler plc America (NYSE:AMFW):
SHAREHOLDER ALERT – Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Amec Foster Wheeler plc (AMFW).
The company is now down by -2.30 percent from yesterday’s close.
Amec Foster Wheeler plc provides consultancy, engineering, and project management services to the oil and gas, mining, clean energy, and environment and infrastructure markets worldwide. The company offers engineering, procurement, and construction solutions on wind, solar, biomass, and biofuel projects, as well as designs and supplies combustion and steam generation equipment. It also provides mining consultancy services, including ore resource estimation, and mine planning and feasibility studies; and design, project, and construction management services. In addition, the company offers consulting, engineering, and project management services in the areas of water, transportation and infrastructure, government services, and industrial sectors. It serves oil companies, chemical companies, utility companies, and government bodies. The company was formerly known as AMEC plc and changed its name to Amec Foster Wheeler plc. Amec Foster Wheeler plc was founded in 1848 and is headquartered in London, the United Kingdom..
Company chares are trading at $5.51 a bit lower than $6.49, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $6.23. The 50 day moving average was down $-0.98 or -15.0768% whereas the 200 day moving average was down $-0.72 or -11.5285%.
Several ratings firms have released opinions on AMFW of late. On November 9 the company was rated “Neutral” according to a Macquarie report which is up from the previous “Underperform” rating. On October 28, 2016 the stock rating was set at “Hold” in a report from Goldman Sachs which was a cut from the previous “Buy” rating.
On October 27, 2016 the stock rating was changed to a “Hold” by Societe Generale down from the previous “Buy” rating. On August 26, 2016 the stock rating was changed to a “Overweight” in a report from Morgan Stanley a boost from the previous “” rating.
On July 5 the company was downgraded to “Neutral” from “Neutral” by analysts at Citigroup. On March 14, 2016 the stock rating was rated “Underperform” in a report from Macquarie down from the previous “Neutral” rating.Advertisement