Technip SA (OTCMKTS:TKPPY) Given Consensus Rating of “Hold” by Brokerages
Shares of Technip SA (OTCMKTS:TKPPY) have been given an average recommendation of “Hold” by the nine analysts that are covering the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company.
Several analysts recently issued reports on TKPPY shares. Credit Suisse Group AG started coverage on shares of Technip SA in a report on Monday. They issued an “outperform” rating on the stock. Sanford C. Bernstein lowered shares of Technip SA from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, June 1st.
Technip SA (OTCMKTS:TKPPY) traded up 0.28% during mid-day trading on Tuesday, reaching $14.29. 57,610 shares of the company were exchanged. The stock has a 50-day moving average of $14.34 and a 200 day moving average of $13.86. Technip SA has a 1-year low of $9.69 and a 1-year high of $15.35. The firm has a market capitalization of $1.74 billion, a P/E ratio of 3.00 and a beta of 1.49.
About Technip SA
Technip is engaged in project management, engineering and construction for the energy sector. The Company operates through three business segments: Subsea, Onshore/Offshore and Corporate. The Subsea segment includes the design, manufacture, procurement and installation of subsea equipment. The Onshore/Offshore segment includes the engineering and construction business for petrochemical and refining plants, the facilities for developing onshore oil and gas fields (including gas treatment units, liquefied natural gas (LNG) units and onshore pipelines), as well as the design and construction of fixed or floating facilities and surface installations.
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