Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 52-Week High – Here’s Why

Société Générale Société anonyme (OTCMKTS:SCGLY)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.41 and last traded at $8.31, with a volume of 1202885 shares. The stock had previously closed at $8.16.

Wall Street Analyst Weigh In

SCGLY has been the subject of a number of research reports. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Trading Up 1.8 %

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. The firm has a market cap of $33.25 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 0.26 and a beta of 1.34. The company has a fifty day moving average price of $6.67 and a 200-day moving average price of $5.74.

Société Générale Société anonyme (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. As a group, research analysts expect that Société Générale Société anonyme will post 1.14 EPS for the current year.

About Société Générale Société anonyme

Société Générale Société anonyme provides banking and financial services to individuals, corporates, and institutional clients 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, and equipment and vendor finance services; and insurance products, including home, vehicle, family, health, and mortgage insurance.