Societe Generale (SCGLY) Given Sell Rating at Credit Suisse Group
Several other analysts also recently weighed in on the company. ValuEngine upgraded Societe Generale from a strong sell rating to a sell rating in a research report on Tuesday. Goldman Sachs Group reiterated a hold rating on shares of Societe Generale in a research report on Tuesday, October 23rd. Finally, Zacks Investment Research upgraded Societe Generale from a strong sell rating to a hold rating in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $12.00.
Shares of OTCMKTS:SCGLY traded down $0.04 on Friday, hitting $7.60. 141,345 shares of the company’s stock were exchanged, compared to its average volume of 269,718. Societe Generale has a 12 month low of $7.21 and a 12 month high of $11.75. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 6.66 and a beta of 1.14. The company has a current ratio of 1.34, a quick ratio of 1.37 and a debt-to-equity ratio of 3.18.
Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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