Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 12-Month High – What’s Next?

Société Générale Société anonyme (OTCMKTS:SCGLY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.58 and last traded at $9.58, with a volume of 495227 shares traded. The stock had previously closed at $9.34.

Analyst Upgrades and Downgrades

Several research firms have commented on SCGLY. The Goldman Sachs Group raised shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Société Générale Société anonyme Price Performance

The company has a market capitalization of $38.34 billion, a P/E ratio of 9.58, a PEG ratio of 0.26 and a beta of 1.27. The stock’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $6.19. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly 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, equities analysts forecast 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.