Societe Generale Group (OTCMKTS:SCGLY) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Societe Generale Group (OTCMKTS:SCGLY) from a hold rating to a buy rating in a research note released on Monday morning, Marketbeat reports.

A number of other analysts also recently commented on the stock. Zacks Research downgraded shares of Societe Generale Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. UBS Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 5th. Finally, Barclays reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Societe Generale Group Price Performance

Shares of SCGLY stock opened at $12.66 on Monday. The firm has a fifty day moving average of $12.90 and a two-hundred day moving average of $12.02. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32. Societe Generale Group has a 1-year low of $5.09 and a 1-year high of $14.09. The firm has a market cap of $49.70 billion, a P/E ratio of 8.44, a P/E/G ratio of 0.35 and a beta of 1.09.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.37%. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. As a group, research analysts anticipate 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 declared a dividend, which was paid on Friday, October 24th. Investors 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 was Monday, October 6th. Societe Generale Group’s dividend payout ratio (DPR) is currently 17.33%.

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.