SGS (OTCMKTS:SGSOY) Reaches New 12-Month High - Still a Buy?

Key Points

• SGS SA shares reached a new 52-week high of $11.41 during trading, indicating strong market performance with last recorded trading at $11.39.
• Several research firms have upgraded their ratings on SGS, with BNP Paribas, Sanford C. Bernstein, and Berenberg Bank all issuing a "strong-buy" rating.
• The stock has an average rating of "Buy" according to data from MarketBeat, signifying positive analyst sentiment towards the company.

Shares of SGS SA (OTCMKTS:SGSOY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.41 and last traded at $11.39, with a volume of 22057 shares changing hands. The stock had previously closed at $11.05.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SGSOY. BNP Paribas raised SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. Sanford C. Bernstein raised SGS to a "strong-buy" rating in a research report on Friday, June 27th. Berenberg Bank raised SGS from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group raised SGS from a "strong sell" rating to a "neutral" rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada raised SGS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy".

SGS Stock Up 2.4%

The company has a 50-day simple moving average of $10.43 and a two-hundred day simple moving average of $10.17.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.

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