Societe Generale Group (OTCMKTS:SCGLY) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Societe Generale Group (OTCMKTS:SCGLY) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.89 and traded as high as $16.34. Societe Generale Group shares last traded at $16.31, with a volume of 276,486 shares trading hands.

Analyst Ratings Changes

SCGLY has been the subject of a number of research reports. Zacks Research cut Societe Generale Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Societe Generale Group in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, February 9th. Finally, Citigroup reissued a “buy” rating on shares of Societe Generale Group in a research report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Up 1.8%

The business has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $15.48. The company has a market cap of $61.30 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.55 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Societe Generale Group had a return on equity of 6.92% and a net margin of 22.33%.The company had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.29 billion. As a group, equities analysts forecast that Societe Generale Group will post 1.69 earnings per share 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.