Societe Generale Group (OTCMKTS:SCGLY) Issues Earnings Results

Societe Generale Group (OTCMKTS:SCGLY) announced its quarterly earnings data on Friday. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05, Zacks reports. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%.

Societe Generale Group Trading Down 0.9%

SCGLY traded down $0.16 during trading on Friday, reaching $17.34. 334,550 shares of the stock traded hands, compared to its average volume of 541,455. The stock’s 50-day moving average is $16.08 and its 200 day moving average is $14.05. Societe Generale Group has a 12 month low of $7.29 and a 12 month high of $18.30. 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 stock has a market capitalization of $66.49 billion, a PE ratio of 11.56, a P/E/G ratio of 0.42 and a beta of 0.78.

Analysts Set New Price Targets

Several equities research analysts have commented on SCGLY shares. Kepler Capital Markets cut Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Societe Generale Group presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Company Profile

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.