Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Up – Still a Buy?

Shares of Societe Generale Group (OTCMKTS:SCGLY) gapped up before the market opened on Friday . The stock had previously closed at $15.81, but opened at $16.9150. Societe Generale Group shares last traded at $16.8175, with a volume of 179,037 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on SCGLY. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research note on Tuesday. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Kepler Capital Markets raised shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Zacks Research cut shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Societe Generale Group Stock Up 2.3%

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 company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.53 and a beta of 0.80. The firm’s fifty day simple moving average is $16.17 and its two-hundred day simple moving average is $16.04.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate 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. Sell-side analysts anticipate that Societe Generale Group will post 1.7 EPS 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.