Societe Generale SA (SCGLY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Societe Generale SA (OTCMKTS:SCGLY) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company.

SCGLY has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Societe Generale from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 15th. Goldman Sachs Group reiterated a “hold” rating on shares of Societe Generale in a report on Tuesday, October 23rd. ValuEngine upgraded Societe Generale from a “strong sell” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group restated a “sell” rating on shares of Societe Generale in a report on Friday. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Societe Generale in a report on Friday.

Shares of SCGLY stock opened at $7.60 on Friday. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 6.66 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.34 and a debt-to-equity ratio of 3.18. Societe Generale has a fifty-two week low of $7.21 and a fifty-two week high of $11.75.

About Societe Generale

Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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