CGG SA Receives Consensus Rating of “Hold” from Analysts (NYSE:CGG)
Shares of CGG SA (NYSE:CGG) have earned an average recommendation of “Hold” from the nine brokerages that are covering the company, AnalystRatings.Net reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.00.
Shares of CGG SA (NYSE:CGG) traded down 3.48% on Monday, hitting $9.97. 19,269 shares of the company’s stock traded hands. CGG SA has a 52 week low of $10.25 and a 52 week high of $25.85. The stock has a 50-day moving average of $12.77 and a 200-day moving average of $14.71. The company’s market cap is $1.764 billion.
CGG SA (NYSE:CGG) last issued its quarterly earnings data on Friday, August 1st. The company reported ($1.85) earnings per share for the quarter. On average, analysts predict that CGG SA will post $0.72 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CGG shares. Analysts at Zacks upgraded shares of CGG SA from an “underperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $12.00 price target on the stock. Separately, 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.
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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