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

Shares of Societe Generale Group (OTCMKTS:SCGLY) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

SCGLY has been the topic of several research reports. Zacks Research lowered shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. UBS Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Barclays reissued an “overweight” rating on shares of Societe Generale Group in a research note on Monday, August 4th.

Societe Generale Group Trading Up 1.6%

Shares of SCGLY opened at $12.55 on Tuesday. Societe Generale Group has a 1-year low of $5.09 and a 1-year high of $14.09. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average price is $13.01 and its 200-day moving average price is $11.72. The firm has a market capitalization of $49.27 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.38 and a beta of 1.08.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. The business had revenue of $7.71 billion for the quarter, compared to analyst estimates of $6.58 billion. Sell-side analysts anticipate that Societe Generale Group will post 1.14 EPS for the current year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th will be issued a $0.109 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a yield of 216.0%. Societe Generale Group’s payout ratio is 18.44%.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.