Societe Generale Group (OTCMKTS:SCGLY) Sees Strong Trading Volume – Here’s Why

Shares of Societe Generale Group (OTCMKTS:SCGLY) saw unusually-strong trading volume on Monday . Approximately 924,456 shares were traded during trading, an increase of 3% from the previous session’s volume of 894,937 shares.The stock last traded at $17.8750 and had previously closed at $17.70.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SCGLY shares. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Keefe, Bruyette & Woods cut shares of Societe Generale Group from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 0.4%

The company has a market cap of $67.58 billion, a P/E ratio of 10.37, a PEG ratio of 0.61 and a beta of 0.78. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40. The stock’s 50 day moving average is $16.63 and its 200-day moving average is $14.44.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Friday, February 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.77 billion. Societe Generale Group had a net margin of 22.01% and a return on equity of 6.74%. Research analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current fiscal 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.