Hexagon AB (publ) (OTCMKTS:HXGBY) Price Target Lowered to SEK 133 at Berenberg Bank

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) had its price target decreased by Berenberg Bank from SEK 155 to SEK 133 in a report released on Monday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reduced their target price on shares of Hexagon AB (publ) from SEK 109 to SEK 107 in a research note on Friday, July 15th. UBS Group reduced their target price on shares of Hexagon AB (publ) from SEK 142 to SEK 134 and set a neutral rating for the company in a research note on Tuesday, April 12th. Finally, Danske upgraded shares of Hexagon AB (publ) from a hold rating to a buy rating in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $124.67.

Hexagon AB (publ) Price Performance

Shares of Hexagon AB (publ) stock opened at $11.53 on Monday. Hexagon AB has a 1 year low of $9.79 and a 1 year high of $17.58. The company’s fifty day moving average is $11.09 and its two-hundred day moving average is $12.44.

Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $1.30 billion for the quarter.

About Hexagon AB (publ)

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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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