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

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

Several research analysts have issued reports on SCGLY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Finally, Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Societe Generale Group Price Performance

Shares of OTCMKTS SCGLY opened at $17.77 on Monday. The firm’s 50-day moving average price is $17.94 and its 200-day moving average price is $16.81. Societe Generale Group has a 1-year low of $11.89 and a 1-year high of $19.52. The firm has a market capitalization of $66.72 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.53 and a beta of 0.80. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. Societe Generale Group had a return on equity of 7.29% and a net margin of 23.30%.The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. Equities research analysts anticipate that Societe Generale Group will post 1.82 earnings per share 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.