Societe Generale (SCGLY) Receives Hold Rating from JPMorgan Chase & Co.
Societe Generale (OTCMKTS:SCGLY)‘s stock had its “hold” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday.
Several other brokerages have also recently commented on SCGLY. ValuEngine raised shares of Societe Generale from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group reaffirmed a “hold” rating on shares of Societe Generale in a research note on Tuesday, October 23rd. Credit Suisse Group reaffirmed a “sell” rating on shares of Societe Generale in a research note on Friday. Finally, Zacks Investment Research raised shares of Societe Generale from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.00.
Shares of OTCMKTS:SCGLY opened at $7.60 on Friday. The company has a market cap of $30.90 billion, a P/E ratio of 6.66 and a beta of 1.14. Societe Generale has a 12 month low of $7.21 and a 12 month high of $11.75. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.34 and a quick ratio of 1.37.
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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