SGS (OTCMKTS:SGSOY – Get Rating) had its price objective dropped by equities researchers at Deutsche Bank Aktiengesellschaft from CHF 2,640 to CHF 2,290 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the stock.
Separately, HSBC cut SGS from a “buy” rating to a “hold” rating in a report on Friday, April 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2,720.00.
Shares of OTCMKTS SGSOY traded up $0.37 during mid-day trading on Thursday, hitting $22.36. The company had a trading volume of 152,863 shares, compared to its average volume of 104,629. The firm has a 50-day simple moving average of $24.43 and a two-hundred day simple moving average of $27.74. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.36 and a quick ratio of 1.25. SGS has a one year low of $21.01 and a one year high of $33.82.
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 five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources and Knowledge.
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