Societe Generale Group (OTCMKTS:SCGLY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Ten analysts give Societe Generale a consensus rating of "Moderate Buy", with a breakdown of six buys, three holds and one sell; notable recent actions include buy reissues from Citigroup and Goldman Sachs and downgrades from Kepler Capital and Zacks.
• SocGen recently beat expectations for the quarter, reporting $0.37 EPS vs. $0.32 expected and $7.83B revenue vs. $7.77B, with a 22.01% net margin and 6.71% ROE; sell-side analysts forecast about $1.14 EPS for the fiscal year.
• The stock trades near $16.79 with a market cap of $63.11B and a P/E of 9.88, 50-day/200-day moving averages of $16.11/$15.07, and a 12-month range of $8.66 to $18.30.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company.

Several equities analysts have recently weighed in on the stock. Citigroup reissued a "buy" rating on shares of Societe Generale Group in a research note on Monday, February 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Societe Generale Group in a research note on Monday, February 16th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Societe Generale Group in a research note on Monday, February 9th. Kepler Capital Markets downgraded shares of Societe Generale Group from a "buy" rating to a "reduce" rating in a research note on Friday, January 9th. Finally, Zacks Research downgraded shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research note on Friday.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY opened at $16.79 on Tuesday. The company's 50-day moving average price is $16.11 and its 200-day moving average price is $15.07. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The company has a market cap of $63.11 billion, a P/E ratio of 9.88, a P/E/G ratio of 0.57 and a beta of 0.82. Societe Generale Group has a twelve month low of $8.66 and a twelve month high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.71%. On average, sell-side analysts forecast that Societe Generale Group will post 1.14 earnings per share 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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