Report
Baptiste Lebacq

CGG : Un désendettement qui s’enclenche

>Recommandation Surperformance et OC 0.9 € maintenus - Post publication et conférence call, nous réitérons notre recommandation Surperformance et avons marginalement modifié notre séquence de résultats. Après plusieurs années de nette sous-performance boursière, la valorisation actuelle du titre est fortement déprimée. Nous continuons de jouer un re-rating du titre, même si les fondamentaux du marché de la sismique sont plus fragiles que sur les autres métiers. La fe...
Underlying
CGG
CGG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

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