Societe Generale Group (OTCMKTS:SCGLY) Sees Strong Trading Volume – Still a Buy?

Societe Generale Group (OTCMKTS:SCGLY) saw unusually-high trading volume on Tuesday . Approximately 1,349,757 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 561,503 shares.The stock last traded at $17.57 and had previously closed at $17.93.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SCGLY shares. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Monday. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, January 21st. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Price Performance

The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $67.28 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.40 and a beta of 0.78. The stock’s 50 day simple moving average is $16.22 and its 200-day simple moving average is $14.16.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.77 billion. On average, analysts expect that Societe Generale Group will post 1.14 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.