Societe Generale Group (OTCMKTS:SCGLY) Rating Increased to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Tuesday, June 9th. Societe Generale upgraded shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Societe Generale Group in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

Shares of OTCMKTS:SCGLY traded down $0.50 during trading on Monday, reaching $17.45. 49,404 shares of the stock were exchanged, compared to its average volume of 734,350. The stock has a 50-day moving average price of $16.60 and a 200-day moving average price of $16.41. The firm has a market cap of $64.95 billion, a PE ratio of 9.69, a PEG ratio of 0.59 and a beta of 0.80. Societe Generale Group has a 12 month low of $11.36 and a 12 month high of $18.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.06.

Societe Generale Group (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.29 billion. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%. Research analysts expect that Societe Generale Group will post 1.7 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.