Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Down – What’s Next?

Shares of Societe Generale Group (OTCMKTS:SCGLY) gapped down before the market opened on Friday . The stock had previously closed at $16.76, but opened at $15.85. Societe Generale Group shares last traded at $15.70, with a volume of 38,548 shares traded.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of recent analyst reports. Kepler Capital Markets downgraded shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Keefe, Bruyette & Woods cut Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. 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 report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Societe Generale Group presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Down 4.9%

The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $61.10 billion, a PE ratio of 9.37, a P/E/G ratio of 0.60 and a beta of 0.78. The business’s 50 day moving average is $16.39 and its 200-day moving average is $14.23.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. As a group, analysts predict 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.