Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Down - Time to Sell?

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.26, but opened at $10.94. Societe Generale Group shares last traded at $11.09, with a volume of 73,590 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group lowered shares of Societe Generale Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Kepler Capital Markets lowered Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Societe Generale Group Stock Down 1.3%

The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 8.61, a P/E/G ratio of 0.27 and a beta of 1.07. The firm's 50 day moving average price is $10.65 and its two-hundred day moving average price is $8.46. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.35 and a quick ratio of 1.35.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Societe Generale Group had a return on equity of 5.57% and a net margin of 18.10%. The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.02 billion. As a group, sell-side analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd were issued a $0.1797 dividend. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, May 22nd. Societe Generale Group's payout ratio is 12.40%.

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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