Technip Energies: adjusted sights

Photo credit © Technip Energies

( — Technip Energies returns to 22.80 euros this Friday, while on the brokers’ side, Berenberg has adjusted its sights on the value from 26 to 26.5 euros while remaining ‘buy’. JP Morgan, which had lowered its recommendation to ‘neutral’ with an adjusted target of 27 to 26 euros, believed that the recent progress of the file deserved a break.
The market nevertheless remains mostly positive on the stock since, according to the ‘Bloomberg’ consensus, 12 analysts are ‘buy’, 2 are ‘hold’ and 2 are ‘sell’. The twelve-month average objective is set at 26.25 euros.

Cash dividend of 0.57 euros

In accordance with the company’s dividend policy, the Board of Directors will propose at the Annual Meeting of Shareholders on May 7 the distribution of a cash dividend of 0.57 euros per share for the financial year 2023. If the dividend payment is approved by the shareholders, the ex-dividend date will be May 21, the record date for the dividend will be May 22, and the dividend will be paid on May 23.

For the new financial year, management expects a recurring EBIT margin of between 7 and 7.5% for revenues ranging from 6.1 to 6.6 billion euros. Diluted earnings per share are expected to grow by double digits…


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