Societe Generale Group (OTCMKTS:SCGLY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company.

A number of research analysts recently issued reports on the stock. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Kepler Capital Markets raised shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a research report on Friday, May 15th. Zacks Research lowered shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, May 26th.

Societe Generale Group Trading Down 1.3%

Shares of OTCMKTS SCGLY opened at $17.41 on Friday. Societe Generale Group has a 1 year low of $11.28 and a 1 year high of $18.30. The stock has a market cap of $64.80 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 0.58 and a beta of 0.80. The firm has a 50-day moving average of $16.53 and a 200 day moving average of $16.30. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last issued 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. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The company had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. As a group, sell-side analysts expect that Societe Generale Group will post 1.7 EPS for the current fiscal 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.