Keefe, Bruyette & Woods Upgrades Societe Generale Group (OTCMKTS:SCGLY) to Hold

Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) was upgraded by research analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other research firms have also commented on SCGLY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Wednesday, September 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Tuesday, September 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research note on Wednesday, September 2nd. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Get Societe Generale Group alerts:

Check Out Our Latest Analysis on SCGLY

Societe Generale Group Price Performance

Shares of Societe Generale Group stock opened at $14.55 on Tuesday. The stock’s 50-day simple moving average is $16.94 and its 200-day simple moving average is $16.78. Societe Generale Group has a 52 week low of $12.17 and a 52 week high of $19.52. The company has a market capitalization of $53.78 billion, a price-to-earnings ratio of 8.23, a PEG 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 (OTCMKTS:SCGLY – Get Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.03 billion. Societe Generale Group had a return on equity of 7.20% and a net margin of 23.30%. As a group, analysts expect that Societe Generale Group will post 1.84 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Societe Generale Group
• A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
• Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs

Receive News & Ratings for Societe Generale Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Societe Generale Group and related companies with MarketBeat.com's FREE daily email newsletter.