Societe Generale Group (OTCMKTS:SCGLY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Societe Generale Group (OTCMKTS:SCGLY) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company.

A number of analysts recently commented on SCGLY shares. Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Kepler Capital Markets cut Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, January 21st.

Societe Generale Group Price Performance

OTCMKTS SCGLY opened at $17.16 on Thursday. The company has a market cap of $65.80 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. Societe Generale Group has a 52 week low of $6.23 and a 52 week high of $17.79. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The firm’s 50-day simple moving average is $15.56 and its two-hundred day simple moving average is $13.80.

Societe Generale Group (OTCMKTS:SCGLY) last posted its earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. The firm had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.54 billion. Research analysts predict that Societe Generale Group will post 1.14 earnings per share for the current year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.