Societe Generale Group (OTCMKTS:SCGLY) Raised to “Buy” at The Goldman Sachs Group

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research report on Friday, November 14th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Down 0.5%

Shares of Societe Generale Group stock opened at $14.19 on Thursday. The business has a 50-day moving average price of $13.08 and a 200 day moving average price of $12.48. Societe Generale Group has a fifty-two week low of $5.19 and a fifty-two week high of $14.33. The firm has a market cap of $54.41 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.40 and a beta of 0.82. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40.

Societe Generale Group (OTCMKTS:SCGLY) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.54 billion. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%. On average, sell-side analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.