Societe Generale Group (OTCMKTS:SCGLY) Reaches New 1-Year High – Still a Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares hit a new 52-week high on Tuesday . The company traded as high as $16.58 and last traded at $16.1750, with a volume of 14075 shares traded. The stock had previously closed at $16.26.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a research note 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. Kepler Capital Markets downgraded Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday. The Goldman Sachs Group raised Societe Generale Group from a “neutral” rating to a “buy” rating in a report on Thursday, December 4th. Finally, Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a report on Friday, December 12th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Societe Generale Group has a consensus rating of “Moderate Buy”.

Societe Generale Group Trading Up 0.2%

The firm has a market capitalization of $62.45 billion, a P/E ratio of 10.86, a PEG ratio of 0.38 and a beta of 0.80. 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 $14.73 and a 200-day moving average of $13.40.

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 for the quarter, beating the consensus estimate of $0.34 by $0.04. Societe Generale Group had a return on equity of 6.18% and a net margin of 20.06%.The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.54 billion. On average, equities research analysts predict that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

About Societe Generale Group

Société Générale Group, founded in 1864 and headquartered in Paris, is one of France’s largest banking groups. It offers a broad range of financial services to individuals, businesses, institutions and governments. The firm operates through multiple businesses that collectively provide banking, financing, investment and advisory solutions across retail, corporate and institutional client segments.

The group’s core activities encompass retail banking services such as deposit accounts, consumer and mortgage lending, payment services and wealth management.