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

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company.

Several equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd.

Societe Generale Group Stock Down 1.7%

Shares of SCGLY stock opened at $15.02 on Wednesday. Societe Generale Group has a 1-year low of $5.49 and a 1-year high of $15.39. The stock’s fifty day moving average price is $13.27 and its 200 day moving average price is $12.65. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.43 and a beta of 0.82.

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

Societe Generale Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th were paid 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 payout ratio is presently 17.33%.

About Societe Generale Group

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.