Societe Generale SA (SCGLY) Lowered to Hold at Zacks Investment Research
Societe Generale SA (NASDAQ:SCGLY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday.
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, Barclays PLC downgraded Societe Generale SA from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Societe Generale SA presently has a consensus rating of “Hold” and an average price target of $24.00.
Societe Generale SA (NASDAQ SCGLY) opened at 11.30 on Thursday. Societe Generale SA has a 52 week low of $6.33 and a 52 week high of $11.90. The company has a market capitalization of $45.24 billion and a PE ratio of 12.34. The stock’s 50 day moving average is $10.90 and its 200 day moving average is $10.27.
Societe Generale SA Company Profile
Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its 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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