Societe Generale Group (OTCMKTS:SCGLY) Lowered to “Hold” Rating by Keefe, Bruyette & Woods

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Kepler Capital Markets downgraded shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note 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. Six research 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 MarketBeat.com, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 1.7%

Shares of SCGLY opened at $17.16 on Wednesday. Societe Generale Group has a twelve month low of $6.23 and a twelve month high of $17.79. The stock has a market cap of $65.80 billion, a PE ratio of 11.44, a P/E/G ratio of 0.41 and a beta of 0.80. 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 business’s 50-day moving average price is $15.56 and its 200-day moving average price is $13.80.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. On average, equities analysts forecast that Societe Generale Group will post 1.14 EPS for the current fiscal year.

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.