FY2017 EPS Estimates for Societe Generale Group Lowered by Jefferies Group (OTCMKTS:SCGLY)

Societe Generale Group (OTCMKTS:SCGLY) – Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Societe Generale Group in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst M. Timat now expects that the financial services provider will post earnings per share of $0.98 for the year, down from their prior forecast of $1.18. Jefferies Group also issued estimates for Societe Generale Group’s FY2018 earnings at $1.17 EPS, FY2019 earnings at $1.31 EPS and FY2020 earnings at $1.45 EPS.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Societe Generale Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Credit Suisse Group reissued an “underperform” rating on shares of Societe Generale Group in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $13.00.

Shares of Societe Generale Group (SCGLY) traded up $0.14 on Friday, hitting $10.21. 207,770 shares of the company traded hands, compared to its average volume of 129,426. The company has a market capitalization of $40,668.38, a P/E ratio of 11.99, a P/E/G ratio of 1.34 and a beta of 1.25. The company has a quick ratio of 1.41, a current ratio of 1.40 and a debt-to-equity ratio of 3.03. Societe Generale Group has a 12 month low of $8.46 and a 12 month high of $12.05.

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About Societe Generale Group

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

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