Jefferies Group Research Analysts Decrease Earnings Estimates for Societe Generale SA (SCGLY)
Societe Generale SA (OTCMKTS:SCGLY) – Equities researchers at Jefferies Group decreased their FY2017 earnings estimates for Societe Generale in a report released on Wednesday. Jefferies Group analyst M. Timat now expects that the financial services provider will earn $1.12 per share for the year, down from their prior forecast of $1.14.
SCGLY has been the topic of a number of other reports. Credit Suisse Group restated an “underperform” rating on shares of Societe Generale in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Societe Generale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, JPMorgan Chase & Co. lowered shares of Societe Generale to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.00.
Societe Generale (OTCMKTS:SCGLY) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.29 earnings per share for the quarter. Societe Generale had a net margin of 13.02% and a return on equity of 4.83%.
Societe Generale Company Profile
Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.
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