Societe Generale Group (OTCMKTS:SCGLY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Trading volume nearly doubled to 1.28 million shares, up 99% from the previous session, while the stock last traded at $14.145.
• Analyst sentiment is mixed: the consensus rating is “Hold”, with one Strong Buy, three Buys, four Holds and one Sell among covering analysts.
• Societe Generale exceeded quarterly expectations, reporting $0.50 EPS versus a $0.39 estimate and $8.25 billion in revenue versus $8.03 billion expected; the stock trades at a P/E ratio of 7.29.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) saw an uptick in trading volume on Friday. 1,282,781 shares traded hands during trading, an increase of 99% from the previous session's volume of 643,164 shares. The stock last traded at $14.1450 and had previously closed at $14.26.

Analyst Ratings Changes

SCGLY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Societe Generale Group in a research note on Wednesday, September 9th. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a "hold" rating to a "moderate sell" rating in a research note on Friday, August 21st. 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. Zacks Research upgraded shares of Societe Generale Group from a "strong sell" rating to a "hold" rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold".

Societe Generale Group Stock Performance

The firm's fifty day moving average price is $17.22 and its 200 day moving average price is $16.79. The firm has a market cap of $52.28 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.43 and a beta of 0.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $8.25 billion for 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%. Sell-side analysts expect that Societe Generale Group will post 1.84 EPS for the current fiscal 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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