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 Friday. 1,282,781 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 643,164 shares. The stock last traded at $14.1450 and had previously closed at $14.26.

Analysts Set New Price Targets

SCGLY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods downgraded Societe Generale Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 21st. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Societe Generale Group Stock Down 0.8%

The company’s 50 day moving average price is $17.22 and its 200 day moving average price is $16.79. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $52.28 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of 0.43 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. As a group, research analysts forecast that Societe Generale Group will post 1.84 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking group that provides financial services to individuals, businesses, institutional investors and public-sector organizations. Its activities include retail banking, corporate and investment banking, private banking, asset management, insurance, consumer finance and specialized financial services.

In France, the group serves personal and business customers through Societe Generale’s retail banking network and digital banking platform BoursoBank.