Societe Generale Group (OTCMKTS:SCGLY) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Key Points

• Societe Generale shares fell below their 50-day moving average, trading as low as $17.03 versus the $17.77 average, with the latest price at $17.06.
• Analyst sentiment is mixed but averages to a “Hold” rating: one analyst rates the stock a Strong Buy, three Buy, four Hold and one Sell.
• The bank beat quarterly expectations, reporting $0.50 in EPS versus the $0.39 consensus and $8.25 billion in revenue versus the $8.03 billion estimate; analysts expect full-year EPS of $1.82.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.77 and traded as low as $17.03. Societe Generale Group shares last traded at $17.06, with a volume of 220,674 shares traded.

Analysts Set New Price Targets

SCGLY has been the subject of a number of research reports. Kepler Capital Markets raised Societe Generale Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. Morgan Stanley reiterated an "overweight" rating on shares of Societe Generale Group in a report on Wednesday, September 2nd. Zacks Research raised shares of Societe Generale Group from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. Societe Generale raised Societe Generale Group from a "market perform" rating to a "hold" rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group downgraded Societe Generale Group from a "buy" rating to a "neutral" rating in a report on Wednesday, September 2nd. One investment 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 company has an average rating of "Hold".

Societe Generale Group Stock Performance

The company has a market capitalization of $64.05 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.51 and a beta of 0.77. 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 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $16.79.

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