Societe Generale Group (OTCMKTS:SCGLY) Hits New 52-Week High – What’s Next?

Societe Generale Group (OTCMKTS:SCGLY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $16.50 and last traded at $16.47, with a volume of 45588 shares trading hands. The stock had previously closed at $16.15.

Wall Street Analysts Forecast Growth

SCGLY has been the topic of a number of research analyst reports. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “buy” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research report on Friday, November 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Societe Generale Group Price Performance

The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $63.15 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.43 and a beta of 0.80. The stock has a 50-day moving average price of $14.21 and a 200 day moving average price of $13.12.

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

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.