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

Shares of Societe Generale Group (OTCMKTS:SCGLY) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company.

SCGLY has been the subject of a number of research analyst reports. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, July 15th. 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. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. 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.

Societe Generale Group Trading Up 0.9%

Shares of OTCMKTS SCGLY opened at $17.80 on Thursday. Societe Generale Group has a twelve month low of $11.65 and a twelve month high of $18.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The stock has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $16.52. The stock has a market capitalization of $66.25 billion, a PE ratio of 9.89, a PEG ratio of 0.59 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The firm had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.29 billion. On average, equities analysts forecast that Societe Generale Group will post 1.68 earnings per share 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.