SGS (OTCMKTS:SGSOY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of SGS (OTCMKTS:SGSOY) from a hold rating to a sell rating in a research report released on Friday 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. “

Several other brokerages have also recently weighed in on SGSOY. JPMorgan Chase & Co. restated a neutral rating on shares of SGS in a report on Wednesday, May 20th. Jefferies Financial Group cut shares of SGS from a hold rating to an underperform rating in a research report on Monday, March 16th. Goldman Sachs Group reaffirmed a sell rating on shares of SGS in a research report on Wednesday, March 11th. UBS Group reiterated a neutral rating on shares of SGS in a report on Tuesday, April 28th. Finally, Credit Suisse Group raised shares of SGS from an underperform rating to a neutral rating in a research note on Monday, June 22nd. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $30.00.

Shares of SGS stock opened at $24.02 on Friday. The company has a fifty day moving average of $23.18 and a 200-day moving average of $24.80. 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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