Hexagon AB (publ) (OTCMKTS:HXGBY) Price Target Cut to SEK 134 by Analysts at UBS Group

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) had its price target dropped by UBS Group from SEK 142 to SEK 134 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “neutral” rating on the stock.

Other research analysts have also recently issued reports about the stock. HSBC began coverage on shares of Hexagon AB (publ) in a research note on Thursday, February 17th. They issued a “buy” rating on the stock. Berenberg Bank began coverage on shares of Hexagon AB (publ) in a research note on Monday, April 4th. They issued a “buy” rating on the stock. Finally, Morgan Stanley decreased their price objective on shares of Hexagon AB (publ) from SEK 115 to SEK 106 in a research note on Monday, March 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hexagon AB (publ) presently has a consensus rating of “Hold” and an average target price of $120.00.

Shares of HXGBY opened at $13.94 on Tuesday. Hexagon AB has a 12 month low of $11.75 and a 12 month high of $17.58. The firm’s 50 day moving average is $13.54 and its 200-day moving average is $14.54.

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.38 billion during the quarter.

About Hexagon AB (publ) (Get Rating)

Hexagon AB (publ) provides information technology solutions for geospatial and industrial applications worldwide. The company operates through two segments, Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GIS). The IES segment offers metrology systems that incorporate the in-sensor technology for measurements, as well as computer-aided design, computer-aided manufacturing, and computer-aided engineering software.

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