Societe Generale Group (OTCMKTS:SCGLY) Given Average Rating of “Moderate Buy” by Brokerages

Societe Generale Group (OTCMKTS:SCGLY) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

SCGLY has been the subject of several recent research reports. UBS Group upgraded shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Tuesday, August 5th. Barclays restated an “overweight” rating on shares of Societe Generale Group in a report on Monday, August 4th.

Societe Generale Group Trading Down 1.3%

Shares of SCGLY opened at $13.40 on Friday. Societe Generale Group has a 1-year low of $4.80 and a 1-year high of $14.09. The company has a 50-day moving average of $13.08 and a 200 day moving average of $11.34. The firm has a market capitalization of $52.61 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.40 and a beta of 1.08. 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 (OTCMKTS:SCGLY) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.71 billion during the quarter, compared to analyst estimates of $6.58 billion. On average, research analysts expect that Societe Generale Group will post 1.14 EPS for the current year.

Societe Generale Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th will be issued a $0.109 dividend. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 216.0%. Societe Generale Group’s payout ratio is currently 11.35%.

About Societe Generale Group

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.