CGG Veritas PT Lowered to $19.00 (CGV)
Stock analysts at UBS AG dropped their price objective on shares of CGG Veritas (NYSE:CGV) from $21.50 to $19.00 in a report issued on Friday, American Banking News reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target would indicate a potential downside of 34.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Natixis cut their price target on shares of CGG Veritas from $22.00 to $20.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. 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 research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target 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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