JPMorgan Chase & Co. Lowers Technip Price Target to €106.00 (TEC)
Stock analysts at JPMorgan Chase & Co. cut their price target on shares of Technip (EPA:TEC) from €114.00 ($154.05) to €106.00 ($143.24) in a report issued on Friday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock.
Shares of Technip (EPA:TEC) traded down 1.44% during mid-day trading on Friday, hitting €87.79. The stock had a trading volume of 286,342 shares. Technip has a one year low of €74.74 and a one year high of €92.49. The stock has a 50-day moving average of €86.69 and a 200-day moving average of €83.67. The company has a market cap of €9.794 billion and a price-to-earnings ratio of 18.84.
TEC has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “reduce” rating on shares of Technip (EPA:TEC) in a research note to investors on Thursday, July 11th. They now have a €83.30 ($112.57) price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Technip (EPA:TEC) in a research note to investors on Tuesday, July 9th. They now have a €96.00 ($129.73) price target on the stock. Finally, analysts at DNB Markets reiterated a “buy” rating on shares of Technip (EPA:TEC) in a research note to investors on Monday, July 8th. They now have a €100.00 ($135.14) price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of €96.16 ($129.95).
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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