CGG : Reprise de cycle qui prend plus de temps à se matérialiser
>Recommandation Neutre, OC ajusté à 0.85 € - Nous maintenons notre recommandation Neutre sur le titre avec un OC ajusté à 0.85 € (suite à la révision à la baisse de 15% du côté de l’EBITDA des activités que nous attendons désormais à 315 M$ / guidance groupe autour de 310 M$). Notre nouvel OC ressort désormais à 0.85 € (basé sur un multiple de VE/EBITDA par métier next 12 months de 4.5x). L’upside reste important, cependant dans notre secteur d’autres titres disposent...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.