Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Up – Still a Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares gapped up before the market opened on Friday . The stock had previously closed at $15.81, but opened at $16.9150. Societe Generale Group shares last traded at $16.8175, with a volume of 179,037 shares trading hands.

Analysts Set New Price Targets

SCGLY has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, May 26th. Kepler Capital Markets upgraded shares of Societe Generale Group from a “reduce” rating to a “hold” rating in a report on Friday, May 15th. Zacks Research downgraded shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Societe Generale Group Trading Up 2.3%

The company has a market capitalization of $63.18 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 0.53 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The company’s 50 day simple moving average is $16.17 and its two-hundred day simple moving average is $16.04.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Societe Generale Group had a net margin of 22.33% and a return on equity of 6.92%. As a group, research analysts anticipate that Societe Generale Group will post 1.7 earnings per share 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.