Technip SA (TKPPY) Now Covered by Credit Suisse Group AG
Equities research analysts at Credit Suisse Group AG started coverage on shares of Technip SA (OTCMKTS:TKPPY) in a note issued to investors on Monday, StockTargetPrices.com reports. The brokerage set an “outperform” rating on the stock.
Separately, Sanford C. Bernstein lowered shares of Technip SA from an “outperform” rating to a “mkt perform” rating in a report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Technip SA presently has a consensus rating of “Hold”.
Shares of Technip SA (OTCMKTS:TKPPY) opened at 14.35 on Monday. The firm’s 50-day moving average price is $14.38 and its 200-day moving average price is $13.87. Technip SA has a one year low of $9.69 and a one year high of $15.35. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.01 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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