Subsea 7 (OTCMKTS:SUBCY) Downgraded to “Underperform” at Jefferies Financial Group

Jefferies Financial Group cut shares of Subsea 7 (OTCMKTS:SUBCYGet Rating) from a buy rating to an underperform rating in a report released on Monday, The Fly reports.

Other analysts also recently issued research reports about the stock. Barclays raised their price target on shares of Subsea 7 from 110.00 to 125.00 and gave the stock an overweight rating in a report on Thursday, April 14th. Societe Generale cut their price target on shares of Subsea 7 from 113.00 to 112.00 and set a buy rating for the company in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Subsea 7 from 104.00 to 105.00 and gave the stock a neutral rating in a report on Monday, August 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $106.50.

Subsea 7 Stock Down 2.5 %

SUBCY stock opened at $8.72 on Monday. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 37.91 and a beta of 1.86. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 0.08. Subsea 7 has a 12 month low of $6.47 and a 12 month high of $10.90. The firm has a 50-day moving average of $8.47 and a two-hundred day moving average of $8.54.

Subsea 7 Company Profile

(Get Rating)

Subsea 7 SA delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.

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