Societe Generale (SCGLY) Downgraded to Hold at JPMorgan Chase & Co.
Societe Generale (OTCMKTS:SCGLY) was downgraded by research analysts at JPMorgan Chase & Co. to a “hold” rating in a report released on Thursday.
Several other analysts have also recently weighed in on SCGLY. Zacks Investment Research cut Societe Generale from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Societe Generale in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
Societe Generale (SCGLY) traded down $0.18 during midday trading on Thursday, hitting $11.03. The company had a trading volume of 254,216 shares, compared to its average volume of 110,459. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.05. The company has a market capitalization of $45,445.33, a PE ratio of 13.62, a PEG ratio of 1.12 and a beta of 1.26. Societe Generale has a 12 month low of $8.56 and a 12 month high of $12.05.
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About Societe Generale
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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