SGS (OTCMKTS:SGSOY) Raised to Hold at HSBC

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 Company Profile

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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Analyst Recommendations for SGS (OTCMKTS:SGSOY)

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