In a report released yesterday, Magnus Olsvik from Kepler Capital downgraded TechnipFMC (FTI) to Hold, with a price target of EUR22.00. The company’s shares closed last Monday at $17.24, close to its 52-week low of $15.74.
According to TipRanks.com, Olsvik is ranked #4679 out of 5994 analysts.
TechnipFMC has an analyst consensus of Moderate Buy, with a price target consensus of $23.93, a 38.6% upside from current levels. In a report issued on February 11, Berenberg Bank also maintained a Hold rating on the stock with a EUR20.00 price target.
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The company has a one-year high of $28.57 and a one-year low of $15.74. Currently, TechnipFMC has an average volume of 3.59M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.
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TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies.
