Technip SA (TKPPY) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Technip SA (NASDAQ:TKPPY) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $16.00 price target on the stock.
According to Zacks, “Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies. The Company designs and builds high-technology industrial installations, such as subsea equipment and platforms, and onshore mega-complexes for the oil, gas and petrochemical sectors. It operates in three segments: Subsea, Offshore and Onshore. The Company’s main subsidiaries are Technip France, Technip Italy SpA, Technip UK Limited, Technip Geoproduction Malaysia SDN BHD, Flexibras Tubos Flexiveis Limitada and Technip USA Inc. The Company’s locations outside France include Italy, Malaysia, Germany, the United Kingdom, Norway, Finland, the United States, the Netherlands, Brazil, the United Arab Emirates, Nigeria, China, India and Australia. “
Other equities analysts have also issued research reports about the company. Barclays PLC lowered Technip SA from an equal weight rating to an underweight rating in a research note on Friday, June 17th. Credit Suisse Group AG assumed coverage on Technip SA in a research note on Monday, September 19th. They set an outperform rating on the stock.
Technip SA (NASDAQ:TKPPY) opened at 14.70 on Wednesday. The firm’s 50-day moving average price is $14.53 and its 200 day moving average price is $13.90. Technip SA has a 1-year low of $9.69 and a 1-year high of $15.35. The stock has a market cap of $1.79 billion and a PE ratio of 3.10.
Receive News & Stock Ratings for Technip SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Technip SA and related stocks with our FREE daily email newsletter.