Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 52-Week High – What’s Next?

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) hit a new 52-week high during trading on Wednesday . The company traded as high as $7.67 and last traded at $7.66, with a volume of 685593 shares trading hands. The stock had previously closed at $7.38.

Wall Street Analysts Forecast Growth

SCGLY has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. 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, Barclays raised 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Price Performance

The firm has a market cap of $30.66 billion, a P/E ratio of 7.66, a P/E/G ratio of 0.13 and a beta of 1.34. The company has a fifty day moving average of $5.94 and a 200-day moving average of $5.40. 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 posted its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate 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.