Credit Suisse Group AG began coverage on shares of Technip SA (OTCMKTS:TKPPY) in a research report released on Monday morning. The brokerage issued an outperform rating on the stock.

Separately, Sanford C. Bernstein lowered Technip SA from an outperform rating to a mkt perform rating in a research note on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Technip SA currently has an average rating of Hold.

Technip SA (OTCMKTS:TKPPY) opened at 14.25 on Monday. The stock’s 50 day moving average price is $14.34 and its 200-day moving average price is $13.86. Technip SA has a 12 month low of $9.69 and a 12 month high of $15.35. The firm has a market capitalization of $1.74 billion, a P/E ratio of 2.98 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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