AMEC Foster Wheeler plc America (NYSE:AMFW):
AMEC FOSTER ALERT: J&W Investigates Amec Foster Wheeler plc Following United Kingdom’s Serious Fraud Office Investigation.
The company is now down by -2.30% since yesterday’s close of $5.64.
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..
Shares are trading at $5.51 a tad under $6.49, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $6.23. The 50 day moving average went down by -15.0768% and the 200 day average was down $-0.72.
Brokerage analysts have weighed in on the stock of late. On November 9 the company was upgraded to “Neutral” from “Underperform” in a report from Macquarie. On October 28 the company was set at “Hold” by Goldman Sachs which was a cut from the previous “Buy” rating.
On October 27 the stock rating was downgraded from “Buy” to “Hold” by Societe Generale. On August 26 the company was upgraded to “Overweight” from “” in a statement from Morgan Stanley.
On July 5, 2016 the stock rating was rated “Neutral” according to a Citigroup report down from the previous “Neutral” rating. On March 14, 2016 the stock rating was changed to a “Underperform” in a report from Macquarie which is down from the previous “Neutral” rating.