Societe Generale Group (OTCMKTS:SCGLY) Sees Large Volume Increase – Time to Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares saw unusually-strong trading volume on Tuesday . Approximately 2,247,420 shares were traded during trading, an increase of 257% from the previous session’s volume of 628,673 shares.The stock last traded at $16.6950 and had previously closed at $15.89.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Tuesday. Zacks Research upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 11th. Kepler Capital Markets downgraded shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.55 and a beta of 0.78. The stock’s 50 day moving average is $16.45 and its two-hundred day moving average is $14.31.

Societe Generale Group (OTCMKTS:SCGLY) last announced its earnings results on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.77 billion. Analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

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.