Technip Energies (OTCMKTS:THNPY) Stock Rating Raised to “Strong-Buy” at UBS Group

UBS Group upgraded shares of Technip Energies (OTCMKTS:THNPY) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks reports.

A number of other research firms have also weighed in on THNPY. Zacks Research raised shares of Technip Energies from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Royal Bank Of Canada upgraded shares of Technip Energies from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Technip Energies Stock Performance

Shares of Technip Energies stock opened at $33.63 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.04 and a current ratio of 1.04. Technip Energies has a 12 month low of $30.41 and a 12 month high of $48.27. The stock’s fifty day moving average price is $34.08 and its 200-day moving average price is $38.86.

About Technip Energies

Technip Energies N.V. is an engineering and technology company that designs and delivers complex projects for the energy and chemicals industries. Its services span project development, engineering, procurement, construction management, commissioning and technology licensing.

The company’s activities include liquefied natural gas infrastructure, offshore and floating LNG facilities, hydrogen and sustainable chemistry projects, ethylene plants, and carbon management solutions. Technip Energies also develops technologies intended to support lower-carbon energy systems and industrial decarbonization.

Technip Energies serves customers internationally through operations and projects across Europe, the Middle East, Asia, Africa and the Americas.