Foster Wheeler (NASDAQ:FWLT) was upgraded by research analysts at Lazard Capital Markets from a “neutral” rating to a “buy” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $26.00 target price on the stock. Lazard Capital Markets’ price target suggests a potential upside of 21.27% from the stock’s previous close.
Shares of Foster Wheeler (NASDAQ:FWLT) opened at 21.44 on Wednesday. Foster Wheeler has a 52 week low of $17.42 and a 52 week high of $27.13. The stock’s 50-day moving average is currently $22.26. The company has a market cap of $2.147 billion and a P/E ratio of 21.16.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler in a research note to investors on Friday, May 31st. They now have a $24.00 price target on the stock.
Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.30.
Foster Wheeler AG (NASDAQ:FWLT) operate through two business groups: the Global Engineering & Construction Group (Global E&C Group), and its Global Power Group.
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