Scotiabank Maintains a Buy Rating on Mcdermott International

By Austin Angelo

Scotiabank analyst Blake Hutchinson maintained a Buy rating on Mcdermott International (NYSE: MDR) on July 26 and set a price target of $9. The company’s shares opened today at $6.89.

According to TipRanks.com, Hutchinson is ranked 0 out of 5 stars with an average return of -18.6% and a 11.9% success rate. Hutchinson covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Oil States International, and Basic Energy Services.

Mcdermott International has an analyst consensus of Moderate Buy, with a price target consensus of $9.

The company has a one year high of $8.33 and a one year low of $4.41. Currently, Mcdermott International has an average volume of 4.25M.

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McDermott International, Inc. is an engineering, procurement, constructions and installation company, which focuses on designing and executing complex offshore oil and gas projects worldwide. It provides EPCI services and delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning.