(Boursier.com) — Technip Energies fell 1.5% to 11.20 euros on Wednesday, while AlphaValue analysts are still buyers on the record, but with an adjusted price target despite everything from 18.70 to 17.70 euros. The group recently announced the launch of a share buyback program for a maximum amount of 29,850,000 euros to be executed until December 31, 2022 from the publication of this press release… The program redemption of shares will be carried out in accordance with the authorization of the Board of Directors and the provisions of Regulation (EU) no. 596/2014 on market abuse, Commission Delegated Regulation (EU) 2016/1052 and rule 10b5-1(c) of the United States Securities Exchange Act of 1934, as amended.
The company intends to implement the share repurchase program and to keep the shares thus repurchased in its own right to meet its obligations in terms of stock incentive plans. As of March 22, 2022, the company held approximately 3 million treasury shares, representing approximately 1.7% of its issued share capital.
The maximum number of shares that could be acquired under the program for an amount of 29,850,000 euros would amount to 2,700,000 shares, which represents approximately 1.5% of the issued share capital of the company. Share buybacks will be carried out on the regulated market of Euronext Paris…
Among other brokers’ opinions, Citigroup is only targeting a price of 15.5 euros, against 18 euros previously on the file…
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