Société Générale Société anonyme (OTCMKTS:SCGLY – Get Free Report) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Briefing.com reports.
Several other research analysts have also recently weighed in on SCGLY. HSBC cut shares of Société Générale Société anonyme from a “buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised Société Générale Société anonyme from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Morgan Stanley raised Société Générale Société anonyme from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, August 23rd. Finally, Barclays lowered shares of Société Générale Société anonyme from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.75.
Société Générale Société anonyme Price Performance
Société Générale Société anonyme (OTCMKTS:SCGLY – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.21 billion. Société Générale Société anonyme had a net margin of 16.50% and a return on equity of 6.88%. On average, equities analysts predict that Société Générale Société anonyme will post 0.91 earnings per share for the current fiscal year.
Société Générale Société anonyme Company Profile
Société Générale Société anonyme provides banking and financial services to individuals, businesses, and institutional investors in Europe and internationally. It operates through French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. It offers retail banking services, such as consumer credit, vehicle leasing and fleet management, online banking, wealth management services, and equipment and vendor finance under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance products, including home, vehicle, family, health, and mortgage insurance.
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