Société Générale Société anonyme (OTCMKTS:SCGLY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) have been assigned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.75.

A number of research analysts have commented on SCGLY shares. UBS Group restated a “neutral” rating on shares of Société Générale Société anonyme in a research note on Wednesday, December 9th. Morgan Stanley restated an “equal weight” rating on shares of Société Générale Société anonyme in a research note on Friday, February 12th. Royal Bank of Canada restated a “sector perform” rating on shares of Société Générale Société anonyme in a research note on Thursday, February 18th. Zacks Investment Research upgraded Société Générale Société anonyme from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Wednesday, March 17th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Société Générale Société anonyme in a research note on Tuesday, February 23rd.

Shares of SCGLY stock traded up $0.05 on Friday, reaching $5.43. 53,563 shares of the company’s stock traded hands, compared to its average volume of 128,089. Société Générale Société anonyme has a 12-month low of $2.47 and a 12-month high of $5.54. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market capitalization of $23.17 billion, a P/E ratio of -41.77, a price-to-earnings-growth ratio of 3.22 and a beta of 1.57. The business’s 50 day moving average price is $5.14 and its two-hundred day moving average price is $4.05.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings results on Wednesday, February 10th. The financial services provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Société Générale Société anonyme had a positive return on equity of 2.13% and a negative net margin of 0.08%. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.97 billion. Research analysts predict that Société Générale Société anonyme will post -0.07 earnings per share for the current year.

About Société Générale Société anonyme

Société Générale Société anonyme provides financial services in Europe, Asia, Oceania, Africa, and France. The company offers retail banking services to individuals, professionals, local authorities, 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 corporate and individual customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

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Analyst Recommendations for Société Générale Société anonyme (OTCMKTS:SCGLY)

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