Societe Generale Group (OTCMKTS:SCGLY) Given Consensus Rating of “Moderate Buy” by Brokerages

Societe Generale Group (OTCMKTS:SCGLY) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, June 9th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Kepler Capital Markets upgraded Societe Generale Group from a “reduce” rating to a “hold” rating in a report on Friday, May 15th. Finally, Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday.

Societe Generale Group Price Performance

SCGLY opened at $17.69 on Friday. The stock has a market cap of $65.84 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.59 and a beta of 0.80. Societe Generale Group has a 12 month low of $11.36 and a 12 month high of $18.30. 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 fifty day simple moving average of $16.58 and a 200 day simple moving average of $16.39.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The firm had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. On average, research analysts expect that Societe Generale Group will post 1.7 EPS 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.