Societe Generale Group (OTCMKTS:SCGLY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company.

A number of brokerages recently weighed in on SCGLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, June 9th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Kepler Capital Markets raised Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Societe Generale Group Stock Performance

SCGLY opened at $17.69 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $65.84 billion, a PE ratio of 9.83, a PEG ratio of 0.59 and a beta of 0.80. Societe Generale Group has a 1-year low of $11.36 and a 1-year high of $18.30. The firm has a 50-day moving average price of $16.60 and a two-hundred day moving average price of $16.40.

Societe Generale Group (OTCMKTS:SCGLY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.29 billion. As a group, equities analysts anticipate that Societe Generale Group will post 1.7 earnings per share for the current fiscal 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.