Societe Generale Group (OTCMKTS:SCGLY) Shares Cross Below 50 Day Moving Average – What’s Next?

Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.73 and traded as low as $16.37. Societe Generale Group shares last traded at $16.61, with a volume of 1,017,333 shares traded.

Analyst Ratings Changes

SCGLY has been the topic of several recent analyst reports. Kepler Capital Markets upgraded shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, September 9th. Finally, Citigroup restated a “buy” rating on shares of Societe Generale Group in a research report on Monday, July 20th. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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Societe Generale Group Stock Down 2.1%

The company has a market capitalization of $62.36 billion, a PE ratio of 8.56, a PEG ratio of 0.50 and a beta of 0.77. The company’s 50 day moving average is $17.73 and its two-hundred day moving average is $16.77. 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 (OTCMKTS:SCGLY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.03 billion. On average, analysts anticipate that Societe Generale Group will post 1.82 earnings per share for the current year.

Societe Generale Group Company Profile

(Get Free Report)

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.

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