Societe Generale Group (OTCMKTS:SCGLY) Shares Pass Above 50-Day Moving Average – Time to Sell?

Shares of Societe Generale Group (OTCMKTS:SCGLY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.01 and traded as high as $16.67. Societe Generale Group shares last traded at $16.45, with a volume of 226,793 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SCGLY shares. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, February 17th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Thursday, April 23rd. Zacks Research downgraded Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Monday, February 16th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 1.0%

The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $61.83 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.53 and a beta of 0.82. The company has a 50 day moving average price of $16.01 and a two-hundred day moving average price of $15.37.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Societe Generale Group had a return on equity of 6.71% and a net margin of 22.01%.The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.77 billion. On average, research analysts forecast that Societe Generale Group will post 1.8 EPS for the current year.

About Societe Generale Group

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.