Credit Suisse Group AG started coverage on shares of Subsea 7 SA (NASDAQ:SUBCY) in a report published on Monday. The firm issued an underperform rating on the stock.

SUBCY has been the subject of several other research reports. BNP Paribas lowered shares of Subsea 7 SA from an outperform rating to a neutral rating in a research report on Monday, September 12th. Zacks Investment Research raised shares of Subsea 7 SA from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. lowered shares of Subsea 7 SA from a neutral rating to an underweight rating in a research report on Tuesday, July 26th.

Shares of Subsea 7 SA (NASDAQ:SUBCY) opened at 10.16 on Monday. The company’s 50-day moving average is $10.75 and its 200 day moving average is $9.35. Subsea 7 SA has a 52 week low of $4.86 and a 52 week high of $11.60. The firm has a market capitalization of $3.31 billion and a price-to-earnings ratio of 184.73.

Subsea 7 SA Company Profile

Subsea 7 SA is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company’s operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore.

5 Day Chart for NASDAQ:SUBCY

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