Societe Generale Group (OTCMKTS:SCGLY) Rating Increased to Hold at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a reduce rating to a hold rating in a research note released on Friday, MarketBeat.com reports.

Several other analysts have also recently issued reports on SCGLY. Keefe, Bruyette & Woods cut Societe Generale Group from a “moderate buy” rating to a “hold” rating in a report on Wednesday, January 28th. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, February 17th. Zacks Research downgraded Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Societe Generale Group presently has an average rating of “Moderate Buy”.

Societe Generale Group Trading Down 1.4%

SCGLY stock opened at $15.35 on Friday. Societe Generale Group has a 1-year low of $10.46 and a 1-year high of $18.30. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $57.69 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 0.53 and a beta of 0.80. The business has a 50 day simple moving average of $15.73 and a two-hundred day simple moving average of $15.60.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $8.32 billion during the quarter, compared to the consensus estimate of $8.29 billion. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%. Research analysts anticipate that Societe Generale Group will post 1.69 EPS for the current fiscal year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.