Societe Generale Group (OTCMKTS:SCGLY) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Societe Generale Group (OTCMKTS:SCGLY) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.77 and traded as low as $17.03. Societe Generale Group shares last traded at $17.06, with a volume of 220,674 shares traded.

Analysts Set New Price Targets

SCGLY has been the subject of a number of research reports. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research note on Friday, May 15th. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. Keefe, Bruyette & Woods downgraded shares of Societe Generale Group from a “hold” rating to a “moderate sell” rating in a report on Friday, August 21st. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research report on Wednesday, September 2nd. Finally, Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Societe Generale Group currently has a consensus rating of “Hold”.

Societe Generale Group Stock Performance

The firm has a market cap of $65.10 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.51 and a beta of 0.77. The company has a 50 day simple moving average of $17.76 and a 200-day simple moving average of $16.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.20 and a quick ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. The firm had revenue of $8.25 billion during the quarter, compared to analyst estimates of $8.03 billion. As a group, equities research analysts anticipate that Societe Generale Group will post 1.82 EPS for the current year.

Societe Generale Group Company Profile

Societe Generale Group is a France-based international banking and financial services company founded in 1864. Headquartered in the Paris region, the group serves individuals, businesses, institutional investors and public-sector clients through a broad range of banking and financial products.

Its activities include French retail banking, international retail banking, private banking, corporate and investment banking, asset management, securities services, consumer finance, insurance and mobility-related financial services.