Societe Generale Group (OTCMKTS:SCGLY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Societe Generale Group received a consensus “Moderate Buy” rating from nine brokerages: four assigned buy ratings, four rated it hold, and one issued a strong-buy recommendation.
• SCGLY shares opened at $18.98, near their 52-week high of $19.52, with a market capitalization of approximately $71.26 billion and a price-to-earnings ratio of 9.78.
• The company reported quarterly EPS of $0.50, beating the $0.39 analyst consensus, while revenue of $8.25 billion also exceeded expectations of $8.03 billion.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

SCGLY has been the subject of several research reports. Citigroup reaffirmed a "buy" rating on shares of Societe Generale Group in a report on Monday, July 20th. Kepler Capital Markets upgraded 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, July 15th. Zacks Research upgraded Societe Generale Group from a "strong sell" rating to a "hold" rating in a research report on Monday, June 29th. Finally, Societe Generale raised shares of Societe Generale Group from a "market perform" rating to a "hold" rating in a research note on Friday, May 15th.

Societe Generale Group Stock Performance

Shares of SCGLY opened at $18.98 on Monday. The stock has a 50 day moving average price of $17.76 and a 200 day moving average price of $16.78. Societe Generale Group has a 52-week low of $11.89 and a 52-week high of $19.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $71.26 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The business 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 7.29%. Research analysts predict that Societe Generale Group will post 1.82 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France's largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group's core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.

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