Among the strongest gains in the SBF 120, Technip Energies shares surge 4%
The energy engineering group tops the Paris trading session leaderboard following the announcement of a contract in India. Several brokerage houses also adjusted their views on Tuesday.
A rebound that brings the stock back above its short-term moving averages
The share price gained 4.07% to €30.68 during the session, compared to €29.48 at the previous close, placing Technip Energies in second position in the SBF 120, behind Rémy Cointreau. The broad index advanced 0.27% over the same period. The stock moves back above its 20-day moving average (€29.06, a +5.57% gap) and its 50-day moving average (€29.66, a +3.44% gap), but remains below its 200-day moving average at €33.58 (a -8.64% gap).
The movement extends a gain of 6.68% over one week, in a context where the stock has still lost 7.92% over three months. The resistance level at €31.34 is the next target in sight. This rebound comes following the announcement of October 12: the contract worth €250 to €500 million for the Mumbai refinery, awarded by Hindustan Petroleum Corporation Limited, covers two refining units to be integrated into an already operational site.
Goldman Sachs upgrades to buy with a €35 target, CIC Market Solutions remains at €39
Regarding analyst views, Goldman Sachs upgrades its opinion from neutral to buy and raises its target from €32 to €35, representing an upside of approximately 14% compared to the current price. CIC Market Solutions maintains its buy rating with an unchanged target of €39, or 27% above the current price. At the publication of H1 2026 results on July 30, the company had adopted a cautious tone and reduced its margin forecasts for the project delivery business. The group also carried out a share buyback program of €150 million, announced on February 26 and executed at approximately 100% by July 1.
