Societe Generale Group (OTCMKTS:SCGLY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a neutral rating to a buy rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other research firms also recently weighed in on SCGLY. Zacks Research upgraded shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Down 1.2%

Shares of SCGLY opened at $14.39 on Thursday. The firm has a market cap of $55.18 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.40 and a beta of 0.82. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. Societe Generale Group has a 52 week low of $5.49 and a 52 week high of $14.70. The firm’s 50-day simple moving average is $13.12 and its 200 day simple moving average is $12.52.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. The firm had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.54 billion. On average, analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th were issued a $0.109 dividend. The ex-dividend date of this dividend was Monday, October 6th. This represents a dividend yield of 216.0%. Societe Generale Group’s dividend payout ratio is 17.33%.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.