Keefe, Bruyette & Woods Downgrades Societe Generale Group (OTCMKTS:SCGLY) to Hold

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on SCGLY. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Kepler Capital Markets lowered shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research note on Friday, December 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

SCGLY stock opened at $17.40 on Wednesday. The company has a market capitalization of $66.72 billion, a P/E ratio of 11.60, a PEG ratio of 0.40 and a beta of 0.80. The company has a fifty day moving average price of $15.65 and a 200-day moving average price of $13.83. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. Societe Generale Group has a 52-week low of $6.23 and a 52-week high of $17.79.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $7.78 billion for the quarter, compared to analysts’ expectations 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, equities analysts expect that Societe Generale Group will post 1.14 EPS for the current 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.