Zacks Investment Research Upgrades Soci�t� G�n�rale (OTCMKTS:SCGLY) to Buy

Zacks Investment Research upgraded shares of Soci�t� G�n�rale (OTCMKTS:SCGLY) from a hold rating to a buy rating in a research report released on Tuesday, April 3rd. The brokerage currently has $12.00 target price on the financial services provider’s stock.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

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A number of other equities analysts also recently issued reports on SCGLY. ValuEngine downgraded shares of Soci�t� G�n�rale from a buy rating to a hold rating in a research note on Monday, April 2nd. JPMorgan Chase downgraded shares of Soci�t� G�n�rale to a hold rating in a research note on Thursday, January 18th.

Shares of OTCMKTS:SCGLY opened at $11.08 on Tuesday. The stock has a market cap of $44,112.27, a PE ratio of 9.72, a PEG ratio of 0.26 and a beta of 1.33. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.08. Soci�t� G�n�rale has a 12 month low of $9.39 and a 12 month high of $12.05.

Soci�t� G�n�rale (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.26 EPS for the quarter. Soci�t� G�n�rale had a net margin of 11.37% and a return on equity of 5.48%. The firm had revenue of $7.45 billion during the quarter. equities analysts anticipate that Soci�t� G�n�rale will post 1.16 earnings per share for the current year.

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Soci�t� G�n�rale Company Profile

Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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