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

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

SCGLY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Wednesday. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 21st. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Wednesday, September 2nd.

Societe Generale Group Trading Down 0.4%

SCGLY opened at $17.06 on Friday. The stock has a market cap of $64.05 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.51 and a beta of 0.77. The stock’s 50 day moving average price is $17.77 and its 200-day moving average price is $16.79. Societe Generale Group has a one year low of $12.17 and a one year high of $19.52. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%.The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.03 billion. On average, equities analysts forecast that Societe Generale Group will post 1.82 EPS for the current year.

About Societe Generale Group

Societe Generale Group is a France-based international banking and financial services company founded in 1864. Headquartered in the Paris region, the group serves individuals, businesses, institutional investors and public-sector clients through a broad range of banking and financial products.

Its activities include French retail banking, international retail banking, private banking, corporate and investment banking, asset management, securities services, consumer finance, insurance and mobility-related financial services.