Societe Generale (OTCMKTS:SCGLY) Earns Buy Rating from BNP Paribas

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

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

OTCMKTS SCGLY opened at $5.15 on Thursday. The business’s 50-day moving average is $4.99. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 3.47. The firm has a market cap of $20.80 billion, a P/E ratio of 4.44 and a beta of 1.08. Societe Generale has a 1 year low of $4.68 and a 1 year high of $9.07.

Societe Generale (OTCMKTS:SCGLY) last released its earnings results on Friday, May 3rd. The financial services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Societe Generale had a return on equity of 6.16% and a net margin of 14.59%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $6.99 billion. On average, research analysts forecast that Societe Generale will post 0.75 earnings per share for the current fiscal 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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