Amec Foster Wheeler (LON:AMFW) Rating Improved
Trading of Amec Foster Wheeler (LON:AMFW)’s shares is going to be interesting today. Exane BNP Paribas upped the stock from a “Underperform” to a “Neutral”.
Amec Foster Wheeler (LON:AMFW) Profile
Amec Foster Wheeler plc operates across the oil and gas value chain from production to refining, processing and distribution of derivative products in oil and gas, mining, clean energy, and the environment and infrastructure markets. The Company’s segments include Americas; Northern Europe and CIS (NECIS); Asia, Middle East, Africa and Southern Europe (AMEASE); Global Power Group, and Investment Services. 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 oil and gas, across the value chain and lifecycle for projects onshore and offshore.
Amec Foster Wheeler (LON:AMFW) traded down -5.95% on 15 March, hitting GBX 513.5. A total of 4.31 million shares of the company’s stock traded hands. This is up from average of 2.30 million shares. Amec Foster Wheeler has a 52 week low of GBX 353.30 and a 52 week high of GBX 631. The company has a market cap of 2.00 billion GBX and a P/E ratio of 0.
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The post Exane BNP Paribas Upgrades Amec Foster Wheeler (LON:AMFW) to “Neutral” From “Underperform” Rating appeared first on Octafinance.