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

Societe Generale Group (OTCMKTS:SCGLY) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company.

Several analysts recently weighed in on SCGLY shares. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, July 15th.

Societe Generale Group Price Performance

SCGLY opened at $17.52 on Thursday. The company has a 50-day moving average of $17.07 and a 200-day moving average of $16.56. The company has a market capitalization of $65.21 billion, a P/E ratio of 9.73, a PEG ratio of 0.58 and a beta of 0.80. Societe Generale Group has a 1-year low of $11.89 and a 1-year high of $18.30. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. The business had revenue of $8.32 billion for the quarter, compared to analysts’ expectations of $8.29 billion. Equities analysts expect that Societe Generale Group will post 1.68 EPS for the current fiscal 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.