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

Societe Generale Group (OTCMKTS:SCGLY) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company.

SCGLY has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Kepler Capital Markets lowered shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th.

Societe Generale Group Trading Down 1.7%

Shares of SCGLY stock opened at $17.16 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 has a market capitalization of $65.80 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.41 and a beta of 0.80. Societe Generale Group has a 52-week low of $6.23 and a 52-week high of $17.79. The company has a 50-day simple moving average of $15.56 and a two-hundred day simple moving average of $13.80.

Societe Generale Group (OTCMKTS:SCGLY) last announced its 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 firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%. Research analysts anticipate that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Societe Generale Group Company Profile

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.