CGG Veritas Price Target Cut to $20.00 by Analysts at Natixis (CGV)
Research analysts at Natixis cut their price target on shares of CGG Veritas (NYSE:CGV) from $22.00 to $20.00 in a report released on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Natixis’ price target indicates a potential downside of 31.11% from the stock’s previous close.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of CGG Veritas from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.00.
CGG Veritas is a manufacturer of geophysical equipment and a provider of a range of services, including seismic data acquisition and related processing and interpretation software to the clients in the oil and gas exploration and production industry.
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