Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 1-Year High – Here’s What Happened

Société Générale Société anonyme (OTCMKTS:SCGLY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $8.06 and last traded at $8.00, with a volume of 431465 shares traded. The stock had previously closed at $7.80.

Analyst Ratings Changes

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

Société Générale Société anonyme Price Performance

The firm has a market cap of $32.01 billion, a PE ratio of 8.00, a P/E/G ratio of 0.13 and a beta of 1.34. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35. The business’s fifty day moving average is $6.18 and its 200-day moving average is $5.49.

Société Générale Société anonyme (OTCMKTS:SCGLY) last released its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal 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.