Societe Generale (SCGLY) Receives “Hold” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their hold rating on shares of Societe Generale (OTCMKTS:SCGLY) in a research note published on Friday.

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Societe Generale from a strong sell rating to a sell rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Societe Generale from a strong sell rating to a hold rating in a research note on Wednesday, August 15th. Credit Suisse Group restated a sell rating on shares of Societe Generale in a research note on Friday. Finally, Goldman Sachs Group restated a hold rating on shares of Societe Generale in a research note on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $12.00.

SCGLY stock traded down $0.04 during trading on Friday, hitting $7.60. 141,345 shares of the stock traded hands, compared to its average volume of 269,718. Societe Generale has a 1 year low of $7.21 and a 1 year high of $11.75. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 6.66 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.37 and a current ratio of 1.34.

Societe Generale Company Profile

Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama 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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