Societe Generale SA (SCGLY) Lifted to Hold at Zacks Investment Research
Societe Generale SA (NASDAQ:SCGLY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
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. “
Societe Generale SA (NASDAQ:SCGLY) traded up 0.44% during midday trading on Friday, reaching $11.35. 56,812 shares of the company’s stock traded hands. Societe Generale SA has a 1-year low of $6.72 and a 1-year high of $12.05. The firm’s 50 day moving average price is $11.40 and its 200-day moving average price is $10.49. The company has a market capitalization of $45.39 billion and a PE ratio of 13.78.
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About Societe Generale SA
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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