Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Down – Should You Sell?

Societe Generale Group (OTCMKTS:SCGLY) shares gapped down prior to trading on Friday. The stock had previously closed at $15.59, but opened at $14.75. Societe Generale Group shares last traded at $14.71, with a volume of 20,564 shares.

Analysts Set New Price Targets

SCGLY has been the topic of several analyst reports. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods cut Societe Generale Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Societe Generale Group Stock Down 0.9%

The firm has a 50-day moving average of $17.54 and a two-hundred day moving average of $16.80. The company has a market capitalization of $55.34 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 0.46 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 2.10.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. Equities research analysts predict that Societe Generale Group will post 1.84 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group that provides financial services to individuals, businesses, institutional investors and public-sector organizations. Its activities include retail banking, corporate and investment banking, private banking, asset management, insurance, consumer finance and specialized financial services.

In France, the group serves personal and business customers through Societe Generale’s retail banking network and digital banking platform BoursoBank.