Societe Generale Group (OTCMKTS:SCGLY) Cut to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods cut shares of Societe Generale Group (OTCMKTS:SCGLY) from a moderate buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on SCGLY. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. The Goldman Sachs Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY opened at $17.53 on Wednesday. The company has a market capitalization of $67.22 billion, a PE ratio of 11.69, a P/E/G ratio of 0.40 and a beta of 0.80. The company has a 50 day simple moving average of $15.73 and a two-hundred day simple moving average of $13.87. The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. Societe Generale Group has a fifty-two week low of $6.23 and a fifty-two week high of $17.87.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.54 billion. Research analysts anticipate 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.