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

Shares of Societe Generale Group (OTCMKTS:SCGLY) gapped down before the market opened on Thursday . The stock had previously closed at $17.35, but opened at $16.72. Societe Generale Group shares last traded at $16.6940, with a volume of 99,835 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SCGLY. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 21st. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Finally, Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The stock has a 50-day moving average of $17.87 and a 200 day moving average of $16.79. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21. The stock has a market capitalization of $62.51 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.50 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. On average, analysts expect that Societe Generale Group will post 1.82 EPS for the current year.

Societe Generale Group Company Profile

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.