TechnipFMC plc Ordinary Share (FTI) Downgraded by Societe Generale

TechnipFMC plc Ordinary Share (NYSE:FTI) was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat.com reports.

FTI has been the topic of a number of other reports. ValuEngine downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada set a $34.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Thursday, December 21st. Cowen set a $35.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. HSBC reaffirmed a “reduce” rating and issued a $26.00 target price on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Finally, Susquehanna Bancshares set a $39.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $32.97.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded down $1.02 during trading on Monday, reaching $33.08. 3,625,123 shares of the company’s stock were exchanged, compared to its average volume of 3,214,154. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a fifty-two week low of $24.53 and a fifty-two week high of $35.00.

Hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can grew its position in TechnipFMC plc Ordinary Share by 70.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,783 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in TechnipFMC plc Ordinary Share during the 2nd quarter valued at about $161,000. Macquarie Group Ltd. purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $190,000. Bank of Nova Scotia Trust Co. purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $192,000. Finally, Boothbay Fund Management LLC purchased a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter valued at about $223,000. 65.81% of the stock is currently owned by institutional investors.

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About TechnipFMC plc Ordinary Share

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Analyst Recommendations for TechnipFMC plc Ordinary Share (NYSE:FTI)

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