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.
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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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