Société Générale Société anonyme (OTCMKTS:SCGLY) Reaches New 52-Week High on Strong Earnings

Société Générale Société anonyme (OTCMKTS:SCGLY) shares reached a new 52-week high during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $7.35 and last traded at $7.32, with a volume of 668257 shares changing hands. The stock had previously closed at $6.53.

The financial services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 12.96% and a return on equity of 3.72%.

Analysts Set New Price Targets

A number of analysts recently weighed in on SCGLY shares. Barclays upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Citigroup raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Société Générale Société anonyme Stock Up 12.1 %

The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The firm’s 50 day moving average price is $5.82 and its two-hundred day moving average price is $5.35. The company has a market cap of $29.29 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.11 and a beta of 1.33.

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.