Hexagon AB (publ) (OTCMKTS:HXGBY) Stock Rating Lowered by Berenberg Bank

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) was downgraded by stock analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a report issued on Wednesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley cut their target price on shares of Hexagon AB (publ) from SEK 107 to SEK 103 and set an “underweight” rating for the company in a research note on Friday, October 14th. Barclays cut their target price on shares of Hexagon AB (publ) from SEK 105 to SEK 100 and set an “underweight” rating for the company in a research note on Thursday, October 6th. JPMorgan Chase & Co. cut their target price on shares of Hexagon AB (publ) from SEK 130 to SEK 107 in a research note on Monday, October 24th. Finally, Bryan, Garnier & Co assumed coverage on shares of Hexagon AB (publ) in a research note on Wednesday, December 14th. They set a “sell” rating and a SEK 100 target price for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.83.

Hexagon AB (publ) Price Performance

Shares of OTCMKTS HXGBY opened at $11.41 on Wednesday. The firm has a fifty day moving average price of $11.16 and a 200-day moving average price of $10.66. Hexagon AB has a 1 year low of $8.49 and a 1 year high of $14.84.

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $1.33 billion during the quarter.

Hexagon AB (publ) Company Profile

(Get Rating)

Hexagon AB engages in the provision of sensor, software, and autonomous solutions. It operates through the Industrial Enterprise Solutions (IES), and Geospatial Enterprise Solutions (GES) segments. The IES segment is composed of metrology systems that incorporate the latest in sensor technology for fast and accurate measurements, as well as CAD and CAM software.

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Analyst Recommendations for Hexagon AB (publ) (OTCMKTS:HXGBY)

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