Several other brokerages have also recently weighed in on SCGLY. Zacks Investment Research cut Societe Generale from a hold rating to a strong sell rating in a report on Wednesday, May 15th. Bank of America reissued an underperform rating on shares of Societe Generale in a report on Wednesday, April 3rd. HSBC reissued a hold rating on shares of Societe Generale in a report on Thursday, April 4th. Jefferies Financial Group cut Societe Generale from a buy rating to a hold rating in a report on Tuesday, February 26th. Finally, Keefe, Bruyette & Woods reissued an underperform rating on shares of Societe Generale in a report on Monday, February 11th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $44.50.
Shares of OTCMKTS SCGLY opened at $5.20 on Wednesday. The stock has a market cap of $21.01 billion, a P/E ratio of 4.48 and a beta of 1.03. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.40 and a current ratio of 1.41. Societe Generale has a 12-month low of $5.05 and a 12-month high of $9.10.
The company also recently disclosed an annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 6.7%. Societe Generale’s dividend payout ratio is currently 36.21%.
About Societe Generale
Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
Featured Article: What is the Rule of 72?
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Societe Generale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Societe Generale and related companies with MarketBeat.com's FREE daily email newsletter.