CGG : Good start to the year
>Outperform rating maintained, target price unchanged at € 0.9 - Following the publication and conference call, we are reiterating our Outperform recommendation and leaving our earnings forecasts unchanged, even though we were left feeling more optimistic. After several years of clear underperformance, the current valuation of the stock is very depressed. We have faith in the stock’s rerating as market fundamentals show signs of improvement (with the comeback of ...CGG is a global participant in the geophysical seismic industry. Co. manufactures geophysical equipment and provides marine, land, and airborne data acquisition services. Co. also provides geosciences services, including data imaging, seismic data characterization, geosciences and petroleum engineering consulting services, and collecting, developing and licensing geological data. Co.'s clients are in oil and gas exploration and production industies. Co. divides its activities into four segments: Equipment, Contractual Data Acquisition, Geology, Geophysics and Reservoir (GGR), and Non-Operated Resources, including eight business lines, six Corporate functions, and four Group Departments.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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