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

Societe Generale SA (OTCMKTS:SCGLY) – Research analysts at Jefferies Group raised their FY2018 earnings estimates for Societe Generale in a report released on Tuesday. Jefferies Group analyst M. Timat now anticipates that the financial services provider will post earnings of $1.29 per share for the year, up from their previous forecast of $1.28.

SCGLY has been the subject of a number of other research reports. JPMorgan Chase & Co. downgraded Societe Generale to a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Societe Generale from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Societe Generale has a consensus rating of “Hold” and a consensus target price of $13.00.

Shares of Societe Generale (OTCMKTS:SCGLY) traded up $0.27 during trading hours on Wednesday, reaching $11.33. The company had a trading volume of 29,352 shares, compared to its average volume of 190,026. Societe Generale has a 1 year low of $8.56 and a 1 year high of $12.05. The company has a market cap of $44,475.83, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. 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 (OTCMKTS:SCGLY) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.26 earnings per share for the quarter. Societe Generale had a return on equity of 5.48% and a net margin of 11.37%. The firm had revenue of $7.45 billion during the quarter.

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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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