Societe Generale Group (OTCMKTS:SCGLY) Sees Strong Trading Volume – Here’s Why

Societe Generale Group (OTCMKTS:SCGLY) saw unusually-high trading volume on Wednesday . 974,388 shares changed hands during trading, an increase of 58% from the previous session’s volume of 615,200 shares.The stock last traded at $16.4850 and had previously closed at $16.66.

Analysts Set New Price Targets

Several equities analysts recently commented on SCGLY shares. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “hold” rating to a “moderate sell” rating in a report on Friday, August 21st. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research report on Tuesday. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four 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 an average rating of “Hold”.

Societe Generale Group Stock Down 0.9%

The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.21 and a current ratio of 1.20. The stock has a market capitalization of $61.99 billion, a PE ratio of 8.51, a PEG ratio of 0.51 and a beta of 0.77. The business has a 50 day moving average of $17.73 and a two-hundred day moving average of $16.77.

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

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking and financial services company founded in 1864. Headquartered in the Paris region, the group serves individuals, businesses, institutional investors and public-sector clients through a broad range of banking and financial products.

Its activities include French retail banking, international retail banking, private banking, corporate and investment banking, asset management, securities services, consumer finance, insurance and mobility-related financial services.