Societe Generale Group (OTCMKTS:SCGLY) Sees Large Volume Increase – Still a Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares saw unusually-high trading volume on Thursday . Approximately 1,193,659 shares were traded during mid-day trading, an increase of 194% from the previous session’s volume of 405,318 shares.The stock last traded at $17.3250 and had previously closed at $17.16.

Analyst Ratings Changes

Several brokerages have recently weighed in on SCGLY. Keefe, Bruyette & Woods lowered Societe Generale Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Wednesday, January 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Finally, Kepler Capital Markets cut Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Societe Generale Group Trading Up 1.5%

The firm has a market capitalization of $66.76 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The business’s 50 day moving average price is $15.56 and its 200-day moving average price is $13.80. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27.

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

Societe Generale Group Company Profile

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.