AMEC Foster Wheeler plc America (NYSE:AMFW):
Amec Foster Wheeler PLC (AMFW) Investigated For Securities Fraud By Block & Leviton LLP After The UK’s Serious Fraud Office Launches Bribery Probe.
The company is now down by -2.48% 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..
The stock last traded at $5.50 which is marginally under the 50 day moving average which is $6.49 and a tad under the 200 day moving average of $6.23. The 50 day moving average was down $-0.96 and the 200 day average was down $-0.70.
A few analysts have issued ratings on AMEC Foster Wheeler plc America. On November 9 the company was changed to a “Neutral” according to a Macquarie report a boost from the previous “Underperform” rating. On October 28, 2016 the stock rating was rated “Hold” by Goldman Sachs down from the previous “Buy” rating.
On October 27 the company was set at “Hold” in a report from Societe Generale which was a cut from the previous “Buy” rating. On August 26, 2016 the stock rating was changed to a “Overweight” in a report from Morgan Stanley which is up from the previous “” rating.
On July 5, 2016 the stock rating was changed to a “Neutral” according to a Citigroup report which was a cut from the previous “Neutral” rating. On March 14 the stock rating was downgraded to “Underperform” from “Neutral” in a report issued by Macquarie.