Societe Generale Group (OTCMKTS:SCGLY) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Societe Generale Group (OTCMKTS:SCGLY) has been given a consensus rating of “Moderate Buy” by five research firms, with recommendations split between holds, buys, and a strong buy.
• Recently, UBS upgraded the stock from “neutral” to “buy”, while Barclays maintained an “overweight” rating.
• The company reported earnings of $0.36 per share, exceeding analyst expectations of $0.32, alongside a quarterly revenue of $7.71 billion, far surpassing the estimated $6.58 billion.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) has received a consensus rating of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

SCGLY has been the topic of several research analyst reports. UBS Group upgraded Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a research note on Monday, August 4th.

Societe Generale Group Stock Up 1.1%

SCGLY stock traded up $0.13 on Monday, hitting $12.38. 286,828 shares of the company's stock were exchanged, compared to its average volume of 421,262. Societe Generale Group has a 12-month low of $4.72 and a 12-month high of $13.89. The firm has a 50 day moving average price of $12.32 and a two-hundred day moving average price of $10.58. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $48.60 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%.The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. As a group, equities research analysts expect that Societe Generale Group will post 1.14 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.

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