Societe Generale Group (OTCMKTS:SCGLY) Cut to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Societe Generale Group (OTCMKTS:SCGLY) from a buy rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat.com reports.

Other research analysts have also recently issued research reports about the company. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “hold” rating to a “moderate sell” rating in a report on Friday, August 21st. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Societe Generale Group currently has an average rating of “Hold”.

Societe Generale Group Price Performance

SCGLY stock opened at $17.24 on Wednesday. The firm has a 50-day moving average of $17.81 and a 200 day moving average of $16.79. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21. The company has a market cap of $64.73 billion, a P/E ratio of 8.89, a PEG ratio of 0.52 and a beta of 0.77. Societe Generale Group has a 1 year low of $12.17 and a 1 year high of $19.52.

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