Societe Generale (OTCMKTS:SCGLY) Given Buy Rating at BNP Paribas

BNP Paribas reiterated their buy rating on shares of Societe Generale (OTCMKTS:SCGLY) in a research report released on Thursday morning, TipRanks reports.

Several other research analysts also recently weighed in on SCGLY. Zacks Investment Research downgraded HEXO from a hold rating to a sell rating in a research note on Wednesday, May 15th. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. HSBC reiterated a hold rating on shares of Societe Generale in a research note on Thursday, April 4th. Finally, Bank of America increased their price target on Stagecoach Group from GBX 160 ($2.09) to GBX 190 ($2.48) and gave the stock an outperform rating in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $44.50.

Shares of OTCMKTS:SCGLY opened at $5.15 on Thursday. The company has a market cap of $20.80 billion, a P/E ratio of 4.44 and a beta of 1.08. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.42 and a quick ratio of 1.42. The company has a fifty day simple moving average of $4.99. Societe Generale has a 1 year low of $4.68 and a 1 year high of $9.07.

Societe Generale (OTCMKTS:SCGLY) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $6.99 billion. Societe Generale had a return on equity of 6.16% and a net margin of 14.59%. On average, sell-side analysts forecast that Societe Generale will post 0.75 EPS for the current year.

About Societe Generale

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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