Technip Energies (OTCMKTS:THNPF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Technip Energies (OTCMKTS:THNPF)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $38.12 and traded as high as $39.65. Technip Energies shares last traded at $39.65, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on THNPF. Royal Bank Of Canada upgraded shares of Technip Energies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 10th. The Goldman Sachs Group upgraded shares of Technip Energies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 13th. Citigroup reiterated a “neutral” rating on shares of Technip Energies in a research note on Thursday, September 17th. Finally, UBS Group raised Technip Energies from a “neutral” rating to a “buy” rating in a report on Wednesday, October 14th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Technip Energies presently has a consensus rating of “Moderate Buy”.

Technip Energies Stock Up 6.5%

The business’s fifty day moving average is $33.51 and its 200 day moving average is $38.12.

Technip Energies Company Profile

Technip Energies is a France-based engineering and technology company that designs and delivers projects for energy and industrial customers. Its services include engineering, procurement, construction, project management, and technology licensing. The company works across areas such as liquefied natural gas, hydrogen, ethylene, sustainable chemistry, and carbon capture and management. Its projects and technologies serve customers in markets around the world. Technip Energies became an independent company in 2021 following its separation from TechnipFMC.