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

Societe Generale Group (OTCMKTS:SCGLY) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company.

SCGLY has been the topic of several analyst reports. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Monday, July 20th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Finally, Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $17.47 on Thursday. The firm’s 50 day moving average is $16.95 and its 200-day moving average is $16.53. 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 company has a market capitalization of $65.02 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. Societe Generale Group has a 12-month low of $11.78 and a 12-month high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last announced its earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. Equities research analysts anticipate that Societe Generale Group will post 1.68 earnings per share 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.