Societe Generale (OTCMKTS:SCGLY) Lifted to “Buy” at Citigroup

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, 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 (OTCMKTS:SCGLY) last issued its earnings results on Friday, May 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. Societe Generale had a net margin of 14.59% and a return on equity of 6.16%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.99 billion. As a group, analysts predict that Societe Generale will post 0.75 EPS for the current fiscal year.

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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Analyst Recommendations for Societe Generale (OTCMKTS:SCGLY)

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