Societe Generale Group (OTCMKTS:SCGLY) Raised to Hold at Kepler Capital Markets

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

A number of other research firms have also recently commented on SCGLY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, February 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a report on Monday, February 16th. Finally, Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Price Performance

Shares of SCGLY opened at $15.57 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06. The company’s fifty day simple moving average is $15.76 and its 200 day simple moving average is $15.60. Societe Generale Group has a 1-year low of $10.46 and a 1-year high of $18.30. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.53 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm 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%. On average, research analysts forecast that Societe Generale Group will post 1.69 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.