Societe Generale Group (OTCMKTS:SCGLY) Hits New 12-Month High – What’s Next?

Shares of Societe Generale Group (OTCMKTS:SCGLY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.66 and last traded at $15.59, with a volume of 4633 shares trading hands. The stock had previously closed at $15.23.

Analysts Set New Price Targets

A number of research firms have recently commented on SCGLY. Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Societe Generale Group in a research note on Friday, November 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a report on Monday, November 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The firm has a 50-day moving average of $13.50 and a 200 day moving average of $12.78. The stock has a market capitalization of $60.89 billion, a P/E ratio of 10.59, a PEG ratio of 0.43 and a beta of 0.82.

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

Societe Generale Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.109 per share. This represents a yield of 216.0%. The ex-dividend date of this dividend was Monday, October 6th. Societe Generale Group’s payout ratio is presently 17.33%.

About Societe Generale Group

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.