Technip SA (TKPPY) Earns Outperform Rating from Analysts at Credit Suisse Group AG

Credit Suisse Group AG started coverage on shares of Technip SA (OTCMKTS:TKPPY) in a research note published on Monday, reports. The firm issued an outperform rating on the stock.

Separately, Sanford C. Bernstein cut shares of Technip SA from an outperform rating to a mkt perform rating in a research report on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Technip SA presently has a consensus rating of Hold.

Technip SA (OTCMKTS:TKPPY) opened at 14.37 on Monday. Technip SA has a 1-year low of $9.69 and a 1-year high of $15.35. The stock’s 50 day moving average is $14.44 and its 200 day moving average is $13.88. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.02 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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