Zacks Investment Research Lowers Societe Generale SA (SCGLY) to Strong Sell
Societe Generale SA (NASDAQ:SCGLY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “
Separately, Credit Suisse Group AG began coverage on shares of Societe Generale SA in a report on Friday, September 16th. They set a “neutral” rating and a $35.00 target price for the company.
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Shares of Societe Generale SA (NASDAQ:SCGLY) opened at 7.355 on Wednesday. The firm has a market capitalization of $29.39 billion and a price-to-earnings ratio of 7.078. The firm has a 50-day moving average of $7.18 and a 200 day moving average of $7.24. Societe Generale SA has a 52-week low of $5.69 and a 52-week high of $9.90.
About Societe Generale SA
Societe Generale SA is a financial services company. The Company is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The Company’s core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.
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