Societe Generale Group (OTCMKTS:SCGLY) Rating Lowered to Neutral at The Goldman Sachs Group

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Briefing.com reports.

Other equities analysts have also recently issued research reports about the stock. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods downgraded Societe Generale Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Societe Generale Group Stock Down 0.5%

SCGLY stock opened at $16.76 on Wednesday. The company’s 50 day moving average is $17.83 and its 200 day moving average is $16.78. The stock has a market cap of $62.93 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.51 and a beta of 0.80. Societe Generale Group has a 1-year low of $12.17 and a 1-year high of $19.52. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 2.10.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. The firm had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.03 billion. Sell-side analysts predict that Societe Generale Group will post 1.82 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.