Hexagon AB (publ) (OTCMKTS:HXGBY) Receives Average Rating of “Hold” from Analysts

Shares of Hexagon AB (publ) (OTCMKTS:HXGBYGet Rating) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $112.83.

Several brokerages recently weighed in on HXGBY. Morgan Stanley dropped their target price on Hexagon AB (publ) from SEK 107 to SEK 103 and set an “underweight” rating on the stock in a research note on Friday, October 14th. JPMorgan Chase & Co. cut their price objective on shares of Hexagon AB (publ) from SEK 130 to SEK 107 in a report on Monday, October 24th. Bryan, Garnier & Co assumed coverage on shares of Hexagon AB (publ) in a report on Wednesday, December 14th. They issued a “sell” rating and a SEK 100 price target for the company. Finally, Barclays dropped their price objective on shares of Hexagon AB (publ) from SEK 105 to SEK 100 and set an “underweight” rating on the stock in a report on Thursday, October 6th.

Hexagon AB (publ) Trading Up 0.2 %

Shares of Hexagon AB (publ) stock opened at $11.14 on Wednesday. Hexagon AB has a one year low of $8.49 and a one year high of $15.26. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $10.58.

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