Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 12-Month High – Time to Buy?

Société Générale Société anonyme (OTCMKTS:SCGLY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $9.48 and last traded at $9.41, with a volume of 1099377 shares traded. The stock had previously closed at $9.23.

Wall Street Analyst Weigh In

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

Société Générale Société anonyme Price Performance

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 stock has a market cap of $37.05 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.26 and a beta of 1.27. The company has a 50 day simple moving average of $7.46 and a 200-day simple moving average of $6.08.

Société Générale Société anonyme (OTCMKTS:SCGLY) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. 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.