AMEC Foster Wheeler plc America (NYSE:AMFW):
RM LAW Announces Investigation of Amec Foster Wheeler plc.
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..
The stock last traded at $5.51 a tad under the 50 day moving average which is $6.49 and marginally under the 200 day moving average of $6.23. The 50 day moving average was down $-0.98 and the 200 day average went down $-0.72 or -11.53%.
Several Wall Street analysts have provided guidance on AMEC Foster Wheeler plc America 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 the stock rating was downgraded from “Buy” to “Hold” by analysts at Goldman Sachs.
On October 27 the company was downgraded to “Hold” from “Buy” in an announcement from Societe Generale. On August 26 the stock rating was upgraded from “” to “Overweight” by Morgan Stanley.
On July 5, 2016 the stock rating was changed to a “Neutral” in a report from Citigroup a cut from the previous “Neutral” rating. On March 14 the company was set at “Underperform” by Macquarie down from the previous “Neutral” rating.