Canaccord Genuity Reaffirms Buy Rating on Technip (TEC)
Technip (EPA: TEC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Friday. They currently have a $145.45 (€112) price target on the stock.
TEC has been the subject of a number of other recent research reports. Analysts at AlphaValue reiterated a “reduce” rating on shares of Technip in a research note to investors on Tuesday. They now have a $103.08 price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of Technip in a research note to investors on Tuesday. They now have a $137.18 price target on the stock. Finally, analysts at CM – CIC Securities(ESN) reiterated a “buy” rating on shares of Technip in a research note to investors on Tuesday. They now have a $125.64 price target on the stock.
Shares of Technip traded up 2.29% during mid-day trading on Friday, hitting €89.38. Technip has a one year low of €58.24 and a one year high of €91.84. The company has a market cap of €9.731 billion and a P/E ratio of 19.78.
Technip SA (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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