Societe Generale (OTCMKTS:SCGLY) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Friday, Briefing.com Automated Import reports.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Societe Generale from a “sell” rating to a “hold” rating in a report on Friday, July 26th. JPMorgan Chase & Co. raised shares of Societe Generale from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 17th. HSBC reaffirmed a “hold” rating on shares of Societe Generale in a report on Thursday, April 4th. BNP Paribas reaffirmed a “buy” rating on shares of Societe Generale in a report on Thursday, July 11th. Finally, ValuEngine raised Societe Generale from a “strong sell” rating to a “sell” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Societe Generale currently has an average rating of “Hold” and a consensus target price of $44.50.
OTCMKTS:SCGLY traded down $0.07 during mid-day trading on Friday, reaching $5.07. The stock had a trading volume of 33,807 shares, compared to its average volume of 304,573. The stock has a market cap of $20.00 billion, a P/E ratio of 4.37 and a beta of 1.08. Societe Generale has a 1-year low of $4.68 and a 1-year high of $9.07. The business has a 50 day simple moving average of $5.01. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 3.47.
Societe Generale Company Profile
Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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