Societe Generale Group (OTCMKTS:SCGLY) Rating Increased to Strong-Buy at Kepler Capital Markets

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Tuesday, June 9th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, May 26th. Finally, Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of SCGLY stock traded down $0.51 during trading hours on Monday, hitting $17.44. 31,720 shares of the company’s stock were exchanged, compared to its average volume of 734,350. Societe Generale Group has a fifty-two week low of $11.36 and a fifty-two week high of $18.30. The firm has a market cap of $64.91 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.59 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $16.60 and a two-hundred day moving average of $16.41.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. Sell-side analysts forecast that Societe Generale Group will post 1.7 EPS for the current 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.