Société Générale Société anonyme (OTCMKTS:SCGLY) Receives Average Recommendation of “Buy” from Analysts

Société Générale Société anonyme (OTCMKTS:SCGLY – Get Rating) has earned an average recommendation of “Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.69.

A number of brokerages recently weighed in on SCGLY. UBS Group boosted their target price on shares of Société Générale Société anonyme from €30.00 ($32.61) to €34.70 ($37.72) and gave the stock a “neutral” rating in a report on Monday, February 7th. Berenberg Bank upgraded shares of Société Générale Société anonyme from a “sell” rating to a “hold” rating and set a €25.50 ($27.72) target price on the stock in a report on Monday, March 7th. Jefferies Financial Group downgraded shares of Société Générale Société anonyme from a “buy” rating to a “hold” rating and lowered their target price for the stock from $31.00 to $25.00 in a report on Friday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of Société Générale Société anonyme from €32.00 ($34.78) to €29.00 ($31.52) and set an “overweight” rating on the stock in a report on Monday. Finally, Credit Suisse Group boosted their target price on shares of Société Générale Société anonyme from €36.00 ($39.13) to €38.00 ($41.30) and gave the stock an “outperform” rating in a report on Tuesday.

Shares of SCGLY opened at $4.84 on Wednesday. Société Générale Société anonyme has a twelve month low of $4.24 and a twelve month high of $8.51. The firm’s 50 day moving average price is $5.97 and its two-hundred day moving average price is $6.54. The firm has a market cap of $20.26 billion, a P/E ratio of 3.32 and a beta of 1.55.

Société Générale Société anonyme (OTCMKTS:SCGLY – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.11. Société Générale Société anonyme had a net margin of 21.83% and a return on equity of 6.69%. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7 billion. As a group, research analysts forecast that Société Générale Société anonyme will post 0.66 EPS for the current year.

About Société Générale Société anonyme (Get Rating)

Société Générale SA provides banking and financial services. It operates through the following business segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking & Investor Solutions. The French Retail Banking segment includes the domestic networks Societe Generale, Crédit du Nord and Boursorama.

Recommended Stories