Barclays Lowers Expro Group (NYSE:XPRO) Price Target to $12.00

Expro Group (NYSE:XPRO - Get Free Report) had its price target reduced by research analysts at Barclays from $14.00 to $12.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 36.99% from the stock's previous close.

Separately, The Goldman Sachs Group cut their price target on Expro Group from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 10th.

Expro Group Price Performance

Shares of NYSE:XPRO traded up $0.49 during trading on Wednesday, hitting $8.76. 418,029 shares of the company's stock were exchanged, compared to its average volume of 1,236,260. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.98 and a quick ratio of 1.62. Expro Group has a 52-week low of $6.70 and a 52-week high of $24.50. The business's 50-day simple moving average is $9.07 and its 200 day simple moving average is $11.63. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 62.58, a PEG ratio of 1.28 and a beta of 1.17.

Institutional Investors Weigh In On Expro Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG lifted its stake in shares of Expro Group by 68.8% during the 1st quarter. Deutsche Bank AG now owns 155,663 shares of the company's stock worth $1,547,000 after acquiring an additional 63,445 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Expro Group by 7.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,239,957 shares of the company's stock valued at $12,325,000 after purchasing an additional 82,402 shares in the last quarter. Connable Office Inc. raised its position in Expro Group by 56.8% during the 1st quarter. Connable Office Inc. now owns 34,418 shares of the company's stock valued at $342,000 after purchasing an additional 12,461 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Expro Group during the 1st quarter valued at $155,000. Finally, XTX Topco Ltd raised its position in Expro Group by 23.7% during the 1st quarter. XTX Topco Ltd now owns 54,338 shares of the company's stock valued at $540,000 after purchasing an additional 10,394 shares in the last quarter. 92.07% of the stock is owned by institutional investors.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.