Analysts Set SGS SA (OTCMKTS:SGSOY) Target Price at $959.80

SGS SA (OTCMKTS:SGSOY – Get Rating) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $959.80.

SGSOY has been the topic of a number of recent research reports. Societe Generale initiated coverage on SGS in a report on Tuesday, February 14th. They issued a “sell” rating on the stock. Morgan Stanley cut SGS from an “equal weight” rating to an “underweight” rating in a report on Monday, January 30th. Sanford C. Bernstein initiated coverage on SGS in a report on Wednesday, April 19th. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada upgraded SGS from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd.

SGS Stock Down 0.7 %

Shares of SGSOY opened at $8.89 on Tuesday. SGS has a 12-month low of $8.15 and a 12-month high of $10.30. The business’s fifty day moving average is $9.02 and its 200 day moving average is $9.31. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 3.71.

SGS Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 18th. Investors of record on Friday, March 31st were given a $0.2007 dividend. This represents a yield of 2.21%. The ex-dividend date of this dividend was Thursday, March 30th.

About SGS

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SGS SA is engages in the provision of inspection, verification, testing, certification and quality assurance services. It operates through the following segments: Connectivity & Products (C&P); Health & Nutrition (H&N); Industries & Environment (I&E); Natural Resources (NR); Knowledge (Kn). The Connectivity & Products segment includes Electrical and Electronic goods, Softlines, Hardlines and Trade Facilitation.