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

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 $8.06 and last traded at $8.00, with a volume of 431465 shares traded. The stock had previously closed at $7.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SCGLY shares. Citigroup raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Friday, November 1st. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Finally, 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 investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Société Générale Société anonyme Price Performance

The company has a market capitalization of $32.01 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.13 and a beta of 1.34. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.61. The firm’s 50-day moving average is $6.18 and its 200-day moving average is $5.49.

Société Générale Société anonyme (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Equities analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

Société Générale Société anonyme 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.