Societe Generale Group (OTCMKTS:SCGLY) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Societe Generale Group has an average “Hold” rating from nine analysts: four holds, three buys, one strong buy and one sell. Recent recommendations have been mixed, including upgrades from Kepler and Zacks and a downgrade from Goldman Sachs.
• SCGLY opened at $14.74, with a market capitalization of $55.34 billion and a 52-week trading range of $12.17 to $19.52. Its 50-day and 200-day moving averages were $17.43 and $16.80, respectively.
• The bank’s latest quarterly results exceeded expectations, with earnings per share of $0.50 versus a $0.39 consensus and revenue of $8.25 billion versus $8.03 billion expected. Analysts forecast full-year EPS of $1.84.

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

SCGLY has been the topic of several recent research reports. Kepler Capital Markets raised shares of Societe Generale Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Societe Generale Group in a research note on Wednesday, September 9th. Citigroup reissued a "buy" rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. The Goldman Sachs Group downgraded shares of Societe Generale Group from a "buy" rating to a "neutral" rating in a report on Wednesday, September 2nd. Finally, Zacks Research upgraded Societe Generale Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 29th.

Societe Generale Group Stock Performance

OTCMKTS SCGLY opened at $14.74 on Tuesday. The stock has a market capitalization of $55.34 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 0.44 and a beta of 0.80. Societe Generale Group has a twelve month low of $12.17 and a twelve month high of $19.52. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10. The stock has a 50-day moving average of $17.43 and a 200 day moving average of $16.80.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. Sell-side analysts anticipate that Societe Generale Group will post 1.84 EPS for the current fiscal year.

About Societe Generale Group

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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