Report
Baptiste Lebacq

Technip Energies : On course

>Outperform rating for this player with many advantages - We are maintaining our Outperform rating (target price € 18) on the stock and are leaving our forecasts unchanged following the group’s release of its initial Q1 results. Adjusted for many client down payments, the stock is trading at just 4.3x 2021e EBIT. We attribute this weak valuation to the risk of a stock overhang for Technip Energies with the end of the lock-up after the spin-off. Technip Energies has ...
Underlying
Technip Energies NV

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

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