Société Générale Société anonyme (OTCMKTS:SCGLY) Given Average Rating of “Hold” by Analysts

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.75.

Several research analysts have recently commented on SCGLY shares. UBS Group reiterated a “neutral” rating on shares of Société Générale Société anonyme in a research report on Wednesday, December 9th. Morgan Stanley reiterated an “equal weight” rating on shares of Société Générale Société anonyme in a research report on Friday, February 12th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Société Générale Société anonyme in a research report on Tuesday, February 23rd. Zacks Investment Research upgraded Société Générale Société anonyme from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research report on Wednesday, March 17th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Société Générale Société anonyme in a research report on Thursday, February 18th.

SCGLY stock traded up $0.05 during midday trading on Friday, hitting $5.43. 53,563 shares of the company’s stock were exchanged, compared to its average volume of 128,089. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.20. Société Générale Société anonyme has a 12-month low of $2.47 and a 12-month high of $5.54. The firm has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.05. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of -41.77, a price-to-earnings-growth ratio of 3.22 and a beta of 1.57.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its quarterly earnings data on Wednesday, February 10th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Société Générale Société anonyme had a positive return on equity of 2.13% and a negative net margin of 0.08%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.97 billion. On average, sell-side analysts forecast that Société Générale Société anonyme will post -0.07 EPS for the current fiscal year.

Société Générale Société anonyme Company Profile

Société Générale Société anonyme provides financial services in Europe, Asia, Oceania, Africa, and France. The company offers retail banking services to individuals, professionals, local authorities, 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 corporate and individual customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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Analyst Recommendations for Société Générale Société anonyme (OTCMKTS:SCGLY)

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