Societe Generale (SCGLY) Receives Sell Rating from Credit Suisse Group

Societe Generale (OTCMKTS:SCGLY)‘s stock had its “sell” rating reaffirmed by equities research analysts at Credit Suisse Group in a note issued to investors on Friday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Societe Generale from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Goldman Sachs Group restated a “hold” rating on shares of Societe Generale in a research report on Tuesday, October 23rd. Finally, ValuEngine upgraded shares of Societe Generale from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.00.

SCGLY stock opened at $7.60 on Friday. Societe Generale has a 12-month low of $7.21 and a 12-month high of $11.75. The stock 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 debt-to-equity ratio of 3.18, a quick ratio of 1.37 and a current ratio of 1.34.

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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