Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 52-Week High Following Earnings Beat

Société Générale Société anonyme (OTCMKTS:SCGLY)’s share price hit a new 52-week high on Thursday following a stronger than expected earnings report. The stock traded as high as $7.35 and last traded at $7.32, with a volume of 668257 shares changing hands. The stock had previously closed at $6.53.

The financial services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 3.72% and a net margin of 12.96%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Citigroup raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Société Générale Société anonyme Stock Up 12.1 %

The company has a market capitalization of $29.29 billion, a PE ratio of 8.82, a P/E/G ratio of 0.11 and a beta of 1.33. The business has a 50-day moving average of $5.82 and a 200 day moving average of $5.35. 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 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.