Societe Generale Group (OTCMKTS:SCGLY) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Shares dipped below its 50‑day moving average: Societe Générale (SCGLY) traded as low as $15.685 and last at $15.88, beneath its 50‑day MA of $16.85 on volume of about 1.01 million shares.
• Analyst consensus is "Moderate Buy": analysts' ratings include 1 Strong Buy, 6 Buy, 2 Hold and 1 Sell, yielding an overall MarketBeat consensus of Moderate Buy.
• Recent results and valuation look supportive: the firm beat quarterly estimates (EPS $0.37 vs $0.32; revenue $7.83B vs $7.77B), and trades at a P/E of 9.34 with a market cap near $60.9B and a PEG of 0.56.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.85 and traded as low as $15.6850. Societe Generale Group shares last traded at $15.88, with a volume of 1,012,919 shares.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup reiterated a "buy" rating on shares of Societe Generale Group in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Societe Generale Group in a research report on Tuesday, February 17th. Kepler Capital Markets lowered Societe Generale Group from a "buy" rating to a "reduce" rating in a research report on Friday, January 9th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Societe Generale Group in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Societe Generale Group Stock Performance

The firm has a market capitalization of $60.89 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.56 and a beta of 0.75. The company has a 50-day moving average price of $16.85 and a 200-day moving average price of $14.64. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06.

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