Societe Generale Group (OTCMKTS:SCGLY) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Societe Generale Group has a consensus “Hold” rating from nine brokerages: one sell, four hold, three buy and one strong-buy recommendation.
• Recent analyst opinions have been mixed, including a Goldman Sachs downgrade to “neutral” and a Kepler Capital Markets upgrade to “strong buy.”
• The company beat quarterly expectations, reporting $0.50 EPS versus the $0.39 consensus and revenue of $8.25 billion versus $8.03 billion expected. Shares opened at $17.06, with a market capitalization of approximately $64.05 billion.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) have been given a consensus recommendation of "Hold" by the nine brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

SCGLY has been the topic of a number of research reports. Citigroup restated a "buy" rating on shares of Societe Generale Group in a report on Monday, July 20th. The Goldman Sachs Group downgraded Societe Generale Group from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 2nd. Kepler Capital Markets upgraded Societe Generale Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 6th. Zacks Research upgraded Societe Generale Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th. Finally, Societe Generale upgraded Societe Generale Group from a "market perform" rating to a "hold" rating in a research report on Friday, May 15th.

Societe Generale Group Stock Performance

OTCMKTS SCGLY opened at $17.06 on Friday. The business has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $16.79. Societe Generale Group has a 1-year low of $12.17 and a 1-year high of $19.52. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21. The stock has a market capitalization of $64.05 billion, a PE ratio of 8.79, a P/E/G ratio of 0.51 and a beta of 0.77.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. On average, research analysts predict that Societe Generale Group will post 1.82 EPS for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking and financial services company founded in 1864. Headquartered in the Paris region, the group serves individuals, businesses, institutional investors and public-sector clients through a broad range of banking and financial products.

Its activities include French retail banking, international retail banking, private banking, corporate and investment banking, asset management, securities services, consumer finance, insurance and mobility-related financial services.

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