Compagnie Generale de Gephysqu Vrts SA Upgraded to “Buy” by Societe Generale (CGG)
Compagnie Generale de Gephysqu Vrts SA (NYSE:CGG) was upgraded by Societe Generale from a “hold” rating to a “buy” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports.
Compagnie Generale de Gephysqu Vrts SA (NYSE:CGG) traded up 3.29% on Tuesday, hitting $15.09. 15,662 shares of the company’s stock traded hands. Compagnie Generale de Gephysqu Vrts SA has a one year low of $12.68 and a one year high of $25.85. The stock’s 50-day moving average is $13.94 and its 200-day moving average is $15.74. The company’s market cap is $2.669 billion.
CGG has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Compagnie Generale de Gephysqu Vrts SA from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $13.70 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.70.
CGG SA, formerly Compagnie Generale de Geophysique-Veritas, is a manufacturer of geophysical equipment and a provider of a range of seismic services in data acquisition and processing both onshore and offshore, principally to clients in the oil and gas exploration and production industry.
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