Jefferies Group Comments on Societe Generale SA’s FY2017 Earnings (SCGLY)

Societe Generale SA (OTCMKTS:SCGLY) – Research analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Societe Generale in a note issued to investors on Thursday. Jefferies Group analyst M. Timat now anticipates that the financial services provider will post earnings per share of $1.14 for the year, up from their prior forecast of $0.98. Jefferies Group also issued estimates for Societe Generale’s FY2018 earnings at $1.27 EPS, FY2019 earnings at $1.46 EPS and FY2020 earnings at $1.66 EPS.

A number of other equities analysts have also commented on SCGLY. Zacks Investment Research lowered shares of Societe Generale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Societe Generale in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.00.

Societe Generale (SCGLY) opened at $10.86 on Monday. Societe Generale has a 52 week low of $8.56 and a 52 week high of $12.05. The company has a debt-to-equity ratio of 3.05, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $44,233.45, a P/E ratio of 13.41, a P/E/G ratio of 1.09 and a beta of 1.26.

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Societe Generale Company Profile

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

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