TechnipFMC plc Ordinary Share (FTI) Shares Down 2.8%
TechnipFMC plc Ordinary Share (NYSE:FTI) shares dropped 2.8% on Thursday . The company traded as low as $30.41 and last traded at $29.64. Approximately 2,085,412 shares traded hands during trading, a decline of 41% from the average daily volume of 3,544,152 shares. The stock had previously closed at $30.48.
FTI has been the topic of a number of recent analyst reports. HSBC reissued a “reduce” rating and set a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Goldman Sachs Group lowered shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 13th. Barclays set a $28.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada restated a “buy” rating and set a $37.00 price objective on shares of TechnipFMC plc Ordinary Share in a report on Friday, October 27th. Finally, Societe Generale started coverage on shares of TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They set a “buy” rating and a $38.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.97.
The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.
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TechnipFMC plc Ordinary Share Company Profile
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.
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