Societe Generale Group (OTCMKTS:SCGLY) Raised to “Strong-Buy” at Zacks Research

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also commented on SCGLY. Kepler Capital Markets lowered shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. The Goldman Sachs Group raised Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of SCGLY opened at $16.76 on Wednesday. Societe Generale Group has a one year low of $7.29 and a one year high of $18.30. The stock’s fifty day moving average is $16.39 and its 200-day moving average is $14.23. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $64.27 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.60 and a beta of 0.78.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. Equities analysts anticipate that Societe Generale Group will post 1.14 EPS for the current year.

Societe Generale Group Company Profile

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.