Kepler Capital Markets Downgrades Societe Generale Group (OTCMKTS:SCGLY) to Reduce

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by equities researchers at Kepler Capital Markets from a “buy” rating to a “reduce” rating in a report released on Friday, Marketbeat Ratings reports.

Several other research analysts also recently weighed in on the stock. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Friday, November 14th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Friday, December 12th. Finally, The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Societe Generale Group has a consensus rating of “Moderate Buy”.

Societe Generale Group Trading Down 1.5%

Societe Generale Group stock opened at $16.26 on Friday. Societe Generale Group has a 12-month low of $5.58 and a 12-month high of $16.57. The firm has a market capitalization of $62.35 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.38 and a beta of 0.80. The firm has a 50 day moving average of $14.66 and a 200 day moving average of $13.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. As a group, research analysts predict that Societe Generale Group will post 1.14 earnings per share 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.