Societe Generale Group (OTCMKTS:SCGLY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Societe Generale Group has received a consensus rating of "Moderate Buy" from six research firms, with ratings ranging from a sell recommendation to a strong buy.
• The company reported earnings of $0.36 per share for the last quarter, exceeding estimates, and had a revenue of $7.71 billion, significantly above the predicted $6.58 billion.
• Societe Generale Group recently announced a dividend of $0.109 with a yield of 216.0% and a payout ratio of 18.44%.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) has received an average rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have recently commented on SCGLY. Zacks Research downgraded shares of Societe Generale Group from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. Finally, UBS Group raised Societe Generale Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th.

Societe Generale Group Stock Performance

Shares of OTCMKTS SCGLY opened at $12.45 on Tuesday. 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 50 day moving average price of $13.09 and a 200 day moving average price of $11.68. The stock has a market capitalization of $48.88 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 0.39 and a beta of 1.08. Societe Generale Group has a 52 week low of $5.09 and a 52 week high of $14.09.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. Analysts predict that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th will be given a $0.109 dividend. The ex-dividend date of this dividend is Monday, October 6th. This represents a dividend yield of 216.0%. Societe Generale Group's dividend payout ratio is presently 18.44%.

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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