Technip Receives “Reduce” Rating from AlphaValue (TEC)

AlphaValue reaffirmed their reduce rating on shares of Technip (EPA: TEC) in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a €83.20 ($108.05) price target on the stock.

TEC has been the subject of a number of other recent research reports. Analysts at Raymond James upgraded shares of Technip to an outperform rating in a research note to investors on Wednesday, May 22nd. They now have a €96.00 ($124.68) price target on the stock. Separately, analysts at CIC Securities reiterated a buy rating on shares of Technip in a research note to investors on Thursday, May 16th. They now have a €98.00 ($127.27) price target on the stock. Finally, analysts at ABN Amro reiterated a hold rating on shares of Technip in a research note to investors on Wednesday, May 8th. They now have a €87.00 ($112.99) price target on the stock.

Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of €95.93 ($124.59).

Technip (EPA: TEC) traded up 1.09% on Thursday, hitting €86.84. Technip has a 1-year low of €69.21 and a 1-year high of €92.36. The stock’s 50-day moving average is currently €87.23. The company has a price-to-earnings ratio of 19.67.

Technip is a holding company. Technip is engaged in project management, engineering and construction for the energy industry, and holds a portfolio of solutions and technologies.

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