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CGG: share price down 10%, SG downgraded to sell March 19, 2024 at 06:08 am EDT Share CGG shares lost over 10% in early trading on Tuesday, the second biggest drop on the SBF 120 behind Atos, as Société Générale lowered its recommendation on the stock from 'buy' to 'sell'. The French bank also reduced its price target from 0.9 to 0.4 euros. This sanction is all the more brutal as the market had reacted well, ten days ago, to the publication of the 2023 annual results of the group specialized in oilfield services. The company's management team took the opportunity to express optimism for the 2024 and 2025 financial years, against a backdrop of renewed investment in the sector. CGG also stated that it expected its net cash position to improve to $100 billion by 2025, and reassured investors of its ability to pay down debt. The share price is now down around 15% year-to-date, compared with a symbolic gain of 0.1% for the STOXX Europe 600 Oil & Gas index. Copyright (c) 2024 CercleFinance.com. All rights reserved.

Hatte mir cgg aufgrund einer Empfehlung bei Börse online letzten Sommer (ca. bei 0,90 Euro mit Zielkurs 1,50 Euro) in die WL gelegt. Bin selbst bei 0,60 eingestiegen. Allerdings bei 0,54 wieder verkauft, nachdem nichts vorwärts ging

https://www.fitchratings.com/research/corporate-finance/cgg-sa-26-06-2023#:~:text=Fitch%20Ratings'%20upgrade%20of%20CCG,3.0x%20and%20sound%20liquidity. Das letzte gehaltvolle was ich finden konnte.