Societe Generale Group (OTCMKTS:SCGLY) Upgraded at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods upgraded Societe Generale Group from “moderate sell” to “hold.” Despite mixed analyst opinions, the stock carries a consensus “Moderate Buy” rating.
• Shares opened at $14.55, up 2.2%, with a market capitalization of approximately $53.78 billion and a 12-month trading range of $12.17 to $19.52.
• Societe Generale exceeded quarterly expectations, reporting $0.50 in earnings per share versus the $0.39 estimate and revenue of $8.25 billion versus $8.03 billion expected.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) was upgraded by stock analysts at Keefe, Bruyette & Woods from a "moderate sell" rating to a "hold" rating in a research report issued on Tuesday, Zacks reports.

Several other analysts have also commented on SCGLY. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. Citigroup reissued a "buy" rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. The Goldman Sachs Group cut Societe Generale Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 2nd. Morgan Stanley restated an "overweight" rating on shares of Societe Generale Group in a research note on Wednesday, September 2nd. Finally, Kepler Capital Markets upgraded Societe Generale Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Societe Generale Group Trading Up 2.2%

OTCMKTS:SCGLY opened at $14.55 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10. Societe Generale Group has a 12 month low of $12.17 and a 12 month high of $19.52. The company has a market cap of $53.78 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.42 and a beta of 0.80. The company has a 50 day simple moving average of $16.94 and a two-hundred day simple moving average of $16.78.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. The business had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. Research analysts forecast that Societe Generale Group will post 1.84 earnings per share for the current year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group that provides financial services to individuals, businesses, institutional investors and public-sector organizations. Its activities include retail banking, corporate and investment banking, private banking, asset management, insurance, consumer finance and specialized financial services.

In France, the group serves personal and business customers through Societe Generale's retail banking network and digital banking platform BoursoBank.

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