Societe Generale SA (SCGLY) Receives $45.00 Consensus PT from Brokerages

Shares of Societe Generale SA (OTCMKTS:SCGLY) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, reports. Four analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.00.

Several research analysts have weighed in on SCGLY shares. ValuEngine upgraded Societe Generale from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 6th. Morgan Stanley set a $44.00 price target on Societe Generale and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Goldman Sachs Group restated a “hold” rating on shares of Societe Generale in a research note on Tuesday, October 23rd. Credit Suisse Group reaffirmed a “sell” rating on shares of Societe Generale in a report on Friday, November 9th. Finally, Zacks Investment Research cut Societe Generale from a “hold” rating to a “sell” rating in a report on Thursday.

SCGLY stock opened at $6.93 on Wednesday. Societe Generale has a 1-year low of $6.88 and a 1-year high of $11.75. The company has a quick ratio of 1.37, a current ratio of 1.34 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $28.48 billion, a price-to-earnings ratio of 6.07 and a beta of 1.14.

Societe Generale 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Societe Generale (OTCMKTS:SCGLY)

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