Societe Generale (SCGLY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Societe Generale (OTCMKTS:SCGLY) from a hold rating to a sell rating in a research note issued to investors on Thursday.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

A number of other research analysts also recently weighed in on SCGLY. Morgan Stanley set a $44.00 target price on shares of Societe Generale and gave the company a hold rating in a research report on Tuesday, November 20th. UBS Group set a $45.00 target price on shares of Societe Generale and gave the company a buy rating in a research report on Tuesday, November 20th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Societe Generale in a research report on Friday, November 9th. Goldman Sachs Group reaffirmed a hold rating on shares of Societe Generale in a research report on Saturday, November 17th. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of Societe Generale in a research report on Monday, November 26th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $33.67.

Societe Generale stock traded down $0.12 during mid-day trading on Thursday, reaching $6.93. The company’s stock had a trading volume of 163,817 shares, compared to its average volume of 353,980. The company has a market cap of $29.13 billion, a P/E ratio of 6.08 and a beta of 1.14. Societe Generale has a 12 month low of $6.88 and a 12 month high of $11.75. The company has a current ratio of 1.34, a quick ratio of 1.37 and a debt-to-equity ratio of 3.18.

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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