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.

COPYRIGHT VIOLATION NOTICE: “Jefferies Group Research Analysts Decrease Earnings Estimates for Societe Generale SA (SCGLY)” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at

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.

Receive News & Ratings for Societe Generale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Societe Generale and related companies with's FREE daily email newsletter.

Leave a Reply