Societe Generale SA (SCGLY) Stock Rating Lowered by Zacks Investment Research
Societe Generale SA (NASDAQ:SCGLY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday.
According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “
Separately, Credit Suisse Group AG started coverage on Societe Generale SA in a research report on Friday, September 16th. They issued a “neutral” rating and a $35.00 target price on the stock.
Societe Generale SA (NASDAQ:SCGLY) opened at 7.355 on Wednesday. The stock has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.24. The stock has a market capitalization of $29.39 billion and a P/E ratio of 7.078. Societe Generale SA has a 12 month low of $5.69 and a 12 month high of $9.90.
About Societe Generale SA
Societe Generale SA is a financial services company. The Company is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The Company’s core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.
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