HSBC upgraded shares of SGS (OTCMKTS:SGSOY) from a reduce rating to a hold rating in a research note issued to investors on Monday, The Fly reports.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reissued a neutral rating on shares of SGS in a research note on Wednesday, July 22nd. Barclays reaffirmed an equal weight rating on shares of SGS in a report on Tuesday, June 2nd. Berenberg Bank upgraded SGS from a hold rating to a buy rating in a report on Friday, July 17th. Morgan Stanley restated an equal weight rating on shares of SGS in a research note on Thursday, August 27th. Finally, UBS Group reiterated a neutral rating on shares of SGS in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. SGS has a consensus rating of Hold and an average target price of $29.00.
Shares of OTCMKTS SGSOY opened at $26.80 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.53 and a current ratio of 1.67. The stock has a 50 day moving average price of $26.11 and a 200 day moving average price of $24.24. The stock has a market capitalization of $20.28 billion, a PE ratio of 30.11 and a beta of 0.57. SGS has a 52 week low of $19.07 and a 52 week high of $29.40.
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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