Societe Generale Group (OTCMKTS:SCGLY) Upgraded by The Goldman Sachs Group to “Buy” Rating

The Goldman Sachs Group upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a neutral rating to a buy rating in a report issued on Thursday, MarketBeat reports.

Several other brokerages have also recently issued reports on SCGLY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “buy” rating in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Friday, November 14th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

SCGLY stock opened at $14.57 on Thursday. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. The company’s fifty day moving average price is $13.10 and its 200-day moving average price is $12.49. Societe Generale Group has a one year low of $5.42 and a one year high of $14.70. The company has a market capitalization of $55.87 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.40 and a beta of 0.82.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. On average, equities analysts anticipate that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 24th. Investors of record on Tuesday, October 7th were issued a dividend of $0.109 per share. This represents a yield of 216.0%. The ex-dividend date was Monday, October 6th. Societe Generale Group’s dividend payout ratio (DPR) is 17.33%.

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.