Societe Generale Group (OTCMKTS:SCGLY) Downgraded to “Reduce” Rating by Kepler Capital Markets

Societe Generale Group (OTCMKTS:SCGLY) was downgraded by analysts at Kepler Capital Markets from a “buy” rating to a “reduce” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also issued reports on SCGLY. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Finally, Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Societe Generale Group stock opened at $16.50 on Friday. The firm has a fifty day simple moving average of $14.59 and a two-hundred day simple moving average of $13.30. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. Societe Generale Group has a twelve month low of $5.58 and a twelve month high of $16.57. The company has a market capitalization of $63.27 billion, a PE ratio of 11.00, a P/E/G ratio of 0.37 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%.The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. Research analysts expect that Societe Generale Group will post 1.14 EPS for the current 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.