CGG SA Receives Average Rating of “Hold” from Analysts (NYSE:CGG)
Shares of CGG SA (NYSE:CGG) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, AR Network reports. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.00.
Shares of CGG SA (NYSE:CGG) opened at 9.18 on Monday. CGG SA has a 52 week low of $9.12 and a 52 week high of $25.85. The stock has a 50-day moving average of $12.28 and a 200-day moving average of $14.50. The company’s market cap is $1.624 billion.
CGG SA (NYSE:CGG) last released its earnings data on Friday, August 1st. The company reported ($1.85) earnings per share for the quarter. Analysts expect that CGG SA will post $1.40 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity upgraded shares of CGG SA from a “sell” rating to a “hold” rating in a research note on Tuesday. Separately, 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. Finally, 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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