Societe Generale SA (SCGLY) Given Average Rating of “Hold” by Brokerages

Shares of Societe Generale SA (OTCMKTS:SCGLY) have received an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.00.

Several equities research analysts have weighed in on the stock. Bank of America restated an “underperform” rating on shares of Societe Generale in a research note on Wednesday, April 3rd. HSBC restated a “hold” rating on shares of Societe Generale in a research note on Thursday, April 4th. Zacks Investment Research upgraded shares of Societe Generale from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Jefferies Financial Group downgraded shares of Societe Generale from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, ValuEngine downgraded shares of Societe Generale from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st.

Shares of OTCMKTS SCGLY traded up $0.12 during midday trading on Tuesday, reaching $6.41. 158,152 shares of the company’s stock traded hands, compared to its average volume of 455,011. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.40 and a current ratio of 1.41. Societe Generale has a one year low of $5.33 and a one year high of $11.27. The company has a market cap of $25.89 billion, a PE ratio of 5.53 and a beta of 0.99.

Societe Generale (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, February 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. Societe Generale had a net margin of 15.34% and a return on equity of 6.55%. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.84 billion. On average, analysts forecast that Societe Generale will post 0.85 earnings per share for the current fiscal year.

The company also recently announced an annual dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, May 24th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 6.7%. Societe Generale’s dividend payout ratio (DPR) is 36.21%.

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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