Société Générale Société anonyme (OTCMKTS:SCGLY) Reaches New 12-Month High – Here’s Why

Société Générale Société anonyme (OTCMKTS:SCGLY) shares reached a new 52-week high on Tuesday . The company traded as high as $9.48 and last traded at $9.41, with a volume of 1099377 shares changing hands. The stock had previously closed at $9.23.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SCGLY shares. The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Price Performance

The business’s fifty day moving average price is $7.46 and its 200 day moving average price is $6.08. The company has a debt-to-equity ratio of 3.61, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market cap of $37.05 billion, a P/E ratio of 9.26, a PEG ratio of 0.26 and a beta of 1.27.

Société Générale Société anonyme (OTCMKTS:SCGLY) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts forecast that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

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.