Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 52-Week High – Should You Buy?

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 $6.19 and last traded at $6.19, with a volume of 613307 shares traded. The stock had previously closed at $5.96.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Citigroup upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Société Générale Société anonyme presently has an average rating of “Hold”.

Société Générale Société anonyme Stock Performance

The stock’s fifty day moving average is $5.63 and its two-hundred day moving average is $5.26. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.11 and a beta of 1.33.

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.