Societe Generale Group (OTCMKTS:SCGLY) Hits New 12-Month High – Here’s Why

Societe Generale Group (OTCMKTS:SCGLY) hit a new 52-week high on Wednesday . The stock traded as high as $15.66 and last traded at $15.59, with a volume of 4633 shares. The stock had previously closed at $15.23.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SCGLY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. The Goldman Sachs Group upgraded Societe Generale Group from a “neutral” rating to a “buy” rating in a research report on Thursday, December 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Friday. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The firm has a 50 day moving average price of $13.38 and a 200 day moving average price of $12.73. The stock has a market cap of $60.28 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.42 and a beta of 0.82.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. The company had revenue of $7.78 billion during the quarter, compared to analyst estimates of $7.54 billion. As a group, research analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 24th. Stockholders of record on Tuesday, October 7th were paid a dividend of $0.109 per share. The ex-dividend date was Monday, October 6th. This represents a dividend yield of 216.0%. Societe Generale Group’s dividend payout ratio (DPR) is currently 17.33%.

Societe Generale Group Company Profile

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.