Societe Generale Group (OTCMKTS:SCGLY) Rating Lowered to “Hold” at Keefe, Bruyette & Woods

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on SCGLY. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. The Goldman Sachs Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY opened at $17.16 on Wednesday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. Societe Generale Group has a fifty-two week low of $6.23 and a fifty-two week high of $17.79. The firm has a market cap of $65.80 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The business has a 50 day moving average price of $15.56 and a 200-day moving average price of $13.80.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. Equities research analysts predict that Societe Generale Group will post 1.14 earnings per share for the current year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.