Societe Generale Group (OTCMKTS:SCGLY) Shares Gap Down on Analyst Downgrade
by Scott Moore · The Cerbat GemSociete Generale Group (OTCMKTS:SCGLY – Get Free Report) gapped down prior to trading on Friday after Kepler Capital Markets downgraded the stock from a buy rating to a reduce rating. The stock had previously closed at $16.50, but opened at $16.05. Societe Generale Group shares last traded at $16.11, with a volume of 612,684 shares traded.
SCGLY has been the topic of several other reports. Citigroup reissued a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Finally, The Goldman Sachs Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Societe Generale Group
Societe Generale Group Stock Performance
The firm has a market capitalization of $61.77 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.37 and a beta of 0.80. The stock has a fifty day simple moving average of $14.59 and a two-hundred day simple moving average of $13.30. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27.
Societe Generale Group (OTCMKTS:SCGLY – Get Free Report) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating 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 6.18%. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.54 billion. On average, research analysts predict that Societe Generale Group will post 1.14 EPS for the current year.
Societe Generale Group Company Profile
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.