Societe Generale Group (OTCMKTS:SCGLY) Sees Strong Trading Volume – Still a Buy?

Shares of Societe Generale Group (OTCMKTS:SCGLY) saw strong trading volume on Monday . 924,456 shares were traded during trading, an increase of 3% from the previous session’s volume of 894,937 shares.The stock last traded at $17.8750 and had previously closed at $17.70.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Kepler Capital Markets cut Societe Generale Group from a “buy” rating to a “reduce” rating in a report on Friday, January 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. Finally, Zacks Research upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Societe Generale Group currently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $67.58 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.78. The business has a 50 day moving average price of $16.63 and a two-hundred day moving average price of $14.44.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. As a group, equities research analysts forecast that Societe Generale Group will post 1.14 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.