Jefferies Group Research Analysts Decrease Earnings Estimates for Societe Generale SA (SCGLY)

Societe Generale SA (OTCMKTS:SCGLY) – Jefferies Group lowered their FY2017 earnings estimates for shares of Societe Generale in a research note issued on Wednesday. Jefferies Group analyst M. Timat now anticipates that the financial services provider will post earnings of $1.12 per share for the year, down from their prior forecast of $1.14.

Societe Generale (OTCMKTS:SCGLY) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter. Societe Generale had a net margin of 13.02% and a return on equity of 4.83%.

A number of other research firms have also recently weighed in on SCGLY. JPMorgan Chase & Co. cut shares of Societe Generale to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Societe Generale from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research report on Wednesday. Finally, Credit Suisse Group restated an “underperform” rating on shares of Societe Generale in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Societe Generale (SCGLY) traded down $0.18 on Friday, hitting $11.03. 254,216 shares of the company traded hands, compared to its average volume of 120,974. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.40 and a current ratio of 1.40. Societe Generale has a 1 year low of $8.56 and a 1 year high of $12.05. The firm has a market cap of $45,283.75, a PE ratio of 13.62, a P/E/G ratio of 1.11 and a beta of 1.26.

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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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