Societe Generale Group (OTCMKTS:SCGLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Societe Generale Group (OTCMKTS:SCGLY) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities research analysts have recently issued reports on SCGLY shares. Zacks Research lowered shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Barclays reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, August 4th. Finally, UBS Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th.

Societe Generale Group Trading Down 0.3%

OTCMKTS:SCGLY opened at $12.51 on Tuesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $49.11 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.38 and a beta of 1.08. Societe Generale Group has a 52 week low of $5.09 and a 52 week high of $14.09. The firm has a 50-day moving average price of $12.99 and a two-hundred day moving average price of $11.79.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. The firm had revenue of $7.71 billion during the quarter, compared to analyst estimates of $6.58 billion. On average, equities analysts expect that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.109 per share. This represents a dividend yield of 216.0%. The ex-dividend date of this dividend was Monday, October 6th. Societe Generale Group’s payout ratio is currently 18.44%.

Societe Generale Group Company Profile

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.