Zacks Investment Research upgraded shares of Technip SA (NASDAQ:TKPPY) from a hold rating to a buy rating in a research note released on Wednesday. Zacks Investment Research currently has $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. “
A number of other equities research analysts have also weighed in on TKPPY. Barclays PLC lowered Technip SA from an equal weight rating to an underweight rating in a research report on Friday, June 17th. Credit Suisse Group AG initiated coverage on Technip SA in a research report on Monday, September 19th. They set an outperform rating on the stock.
Shares of Technip SA (NASDAQ:TKPPY) opened at 14.70 on Wednesday. Technip SA has a 52-week low of $9.69 and a 52-week high of $15.35. The firm has a market cap of $1.79 billion and a price-to-earnings ratio of 3.10. The stock’s 50 day moving average price is $14.53 and its 200-day moving average price is $13.90.
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