Societe Generale Group (OTCMKTS:SCGLY) Stock Rating Raised to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a moderate sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks reports.

A number of other research analysts have also issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a report on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of Societe Generale Group in a report on Tuesday, September 22nd. The Goldman Sachs Group downgraded Societe Generale Group from a “buy” rating to a “neutral” rating in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Finally, Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Societe Generale Group has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of SCGLY stock opened at $14.55 on Tuesday. The firm has a 50 day moving average of $16.94 and a two-hundred day moving average of $16.78. The stock has a market capitalization of $53.78 billion, a PE ratio of 7.50, a P/E/G ratio of 0.42 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.20 and a debt-to-equity ratio of 2.10. Societe Generale Group has a 52 week low of $12.17 and a 52 week high of $19.52.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.20%. On average, research analysts predict that Societe Generale Group will post 1.84 EPS 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.