CGG SA Hits New 12-Month Low at $11.97 (CGG)
CGG SA (NYSE:CGG) reached a new 52-week low during mid-day trading on Thursday , American Banking and Market News reports. The stock traded as low as $11.97 and last traded at $12.24, with a volume of 49,314 shares traded. The stock had previously closed at $13.26.
A number of analysts have recently weighed in on CGG shares. Analysts at Societe Generale upgraded shares of CGG SA from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. Separately, analysts at Zacks downgraded shares of CGG SA from a “neutral” rating to an “underperform” rating in a research note on Friday, June 20th. They now have a $13.70 price target on the stock. Finally, analysts at Zacks upgraded shares of CGG SA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $17.90 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. CGG SA presently has an average rating of “Hold” and an average price target of $13.70.
The stock has a 50-day moving average of $13.8 and a 200-day moving average of $15.35. The company’s market cap is $2.169 billion.
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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