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

Societe Generale Group (OTCMKTS:SCGLY) was upgraded by research analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also commented on SCGLY. Societe Generale raised Societe Generale Group from a “market perform” rating to a “hold” rating in a 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. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research report on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

OTCMKTS:SCGLY traded down $0.51 during mid-day trading on Monday, hitting $17.44. The company’s stock had a trading volume of 31,720 shares, compared to its average volume of 734,350. The business’s fifty day moving average is $16.60 and its two-hundred day moving average is $16.41. The stock has a market cap of $64.91 billion, a price-to-earnings ratio of 9.69, a PEG ratio of 0.59 and a beta of 0.80. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.21 and a quick ratio of 1.21. Societe Generale Group has a 1 year low of $11.36 and a 1 year high of $18.30.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $8.32 billion during 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%. Analysts anticipate 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.