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

Societe Generale Group (OTCMKTS:SCGLY) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have issued reports on SCGLY shares. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a report on Monday, February 9th. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Finally, Zacks Research upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th.

Societe Generale Group Trading Down 6.3%

Shares of SCGLY opened at $13.97 on Friday. Societe Generale Group has a twelve month low of $7.29 and a twelve month high of $18.30. The stock has a market cap of $52.51 billion, a PE ratio of 8.22, a P/E/G ratio of 0.48 and a beta of 0.75. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The business’s 50-day moving average price is $16.60 and its 200-day moving average price is $14.85.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.71%. On average, equities analysts forecast that Societe Generale Group will post 1.14 EPS for the current fiscal 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.