SGS (OTCMKTS:SGSOY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of SGS (OTCMKTS:SGSOY) from a buy rating to a hold rating in a research note released on Wednesday morning, reports.

According to Zacks, “SGS SA is an inspection, verification, testing and certification company. The Company provides specialized business solutions that improve quality, safety, productivity and reduces risk. Its portfolio of services includes agricultural services, minerals services, oil, gas and chemicals services, life science services, consumer testing services, systems and services certification, industrial services, environmental services, automotive services, government and institutions services. SGS SA is headquartered in Geneva, Switzerland. “

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated a neutral rating on shares of SGS in a research report on Wednesday, July 22nd. Credit Suisse Group upgraded shares of SGS from an underperform rating to a neutral rating in a research note on Monday, June 22nd. UBS Group reiterated a neutral rating on shares of SGS in a research note on Wednesday, July 22nd. Berenberg Bank upgraded shares of SGS from a hold rating to a buy rating in a research note on Friday, July 17th. Finally, Barclays reiterated an equal weight rating on shares of SGS in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $29.00.

Shares of OTCMKTS SGSOY opened at $26.07 on Wednesday. The company has a market capitalization of $19.72 billion, a P/E ratio of 29.29 and a beta of 0.62. SGS has a 52-week low of $19.07 and a 52-week high of $29.40. 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 company’s 50 day moving average price is $24.90 and its 200-day moving average price is $24.53.

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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