Jefferies Group Weighs in on Societe Generale Group’s FY2017 Earnings (SCGLY)

Societe Generale Group (OTCMKTS:SCGLY) – Jefferies Group reduced their FY2017 earnings per share (EPS) estimates for shares of Societe Generale Group in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst M. Timat now anticipates that the financial services provider will earn $0.98 per share for the year, down from their prior estimate 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 research firms also recently issued reports on SCGLY. Zacks Investment Research downgraded shares of Societe Generale Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Societe Generale Group in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Societe Generale Group presently has an average rating of “Hold” and an average price target of $13.00.

Shares of Societe Generale Group (SCGLY) opened at $10.07 on Friday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.41 and a current ratio of 1.40. The stock has a market cap of $40,668.38, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.34 and a beta of 1.26. Societe Generale Group has a 1-year low of $8.46 and a 1-year 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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