Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Down - Should You Sell?

Key Points

• Societe Generale Group's stock gapped down from a previous closing price of $13.41 to an opening price of $12.69, closing at $12.68 with significant trading volume.
• Research analysts have a moderate buy outlook on the stock, with Barclays and UBS issuing positive ratings and one analyst giving a strong buy rating.
• The company recently declared a dividend of $0.109 per share, representing a dividend yield of 216.0%, with a dividend payout ratio of 11.35%.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.41, but opened at $12.69. Societe Generale Group shares last traded at $12.68, with a volume of 24,114 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SCGLY shares. Barclays reissued an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. UBS Group upgraded shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Societe Generale Group Price Performance

The firm has a market cap of $49.54 billion, a P/E ratio of 8.95, a PEG ratio of 0.39 and a beta of 1.08. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32. The stock's 50-day simple moving average is $13.11 and its two-hundred day simple moving average is $11.40.

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

Societe Generale Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.109 per share. 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 currently 11.35%.

Societe Generale Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.