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

Societe Generale Group (OTCMKTS:SCGLY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.58 and last traded at $16.1750, with a volume of 14075 shares traded. The stock had previously closed at $16.26.

Analysts Set New Price Targets

Several equities analysts have weighed in on SCGLY shares. The Goldman Sachs Group raised Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Morgan Stanley reiterated an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a debt-to-equity ratio of 3.40, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $63.12 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.38 and a beta of 0.80. The company’s 50 day moving average is $14.89 and its 200 day moving average is $13.46.

Societe Generale Group (OTCMKTS:SCGLY) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. The company had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.54 billion. As a group, equities analysts predict that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Company Profile

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.