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BidaskClub downgraded TechnipFMC plc Ordinary Share (NYSE:FTI) to Strong Sell in a report released today.

BidaskClub has downgraded TechnipFMC plc Ordinary Share (NYSE:FTI) to Strong Sell in a report released on Tuesday June 20, 2017.

Yesterday TechnipFMC plc Ordinary Share (NYSE:FTI) traded 1.35% higher at $26.62. The company’s 50-day moving average is $26.45 and its 200-day moving average is $29.31. The last stock close price is down -7.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 7,483,057 shares of the stock were exchanged, up from an average trading volume of 3,207,420

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TechnipFMC plc Ordinary Share (NYSE:FTI)

TechnipFMC plc Ordinary Share has a 52 week low of $25.17 and a 52 week high of $36.14 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $32.71 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About TechnipFMC plc Ordinary Share (NYSE:FTI)

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

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