A number of other research firms have also recently commented on SGSOY. Zacks Investment Research cut SGS from a “hold” rating to a “sell” rating in a research report on Friday. Goldman Sachs Group reiterated a “sell” rating on shares of SGS in a research report on Wednesday, March 11th. Berenberg Bank reiterated a “hold” rating on shares of SGS in a research report on Monday, March 30th. Credit Suisse Group upgraded SGS from an “underperform” rating to a “neutral” rating in a research report on Monday. Finally, UBS Group reiterated a “neutral” rating on shares of SGS in a research report on Tuesday, April 28th. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. SGS currently has an average rating of “Hold” and an average price target of $30.00.
Shares of OTCMKTS:SGSOY traded up $0.20 during midday trading on Friday, reaching $24.12. 16,120 shares of the company’s stock traded hands, compared to its average volume of 43,889. SGS has a one year low of $19.07 and a one year high of $29.40. The stock has a 50 day moving average of $23.13 and a 200 day moving average of $24.81.
SGS SA provides inspection, verification, testing, certification, and quality assurance services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in nine segments: Agriculture, Food and Life; Mineral Services; Oil, Gas and Chemicals Services; Consumer and Retail Services; Certification and Business Enhancement; Industrial Services; Environment, Health and Safety Services; Transportation Services; and Governments and Institutions Services.
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