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

Shares of Societe Generale Group (OTCMKTS:SCGLY) reached a new 52-week high on Monday . The company traded as high as $17.08 and last traded at $17.06, with a volume of 126697 shares traded. The stock had previously closed at $16.56.

Analysts Set New Price Targets

A number of research firms have recently commented on SCGLY. Royal Bank Of Canada restated a “sector perform” rating on shares of Societe Generale Group in a report on Monday, November 3rd. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research report on Friday, December 12th. Kepler Capital Markets downgraded shares of Societe Generale Group from a “buy” rating to a “reduce” rating in a research note on Friday, January 9th. Finally, Zacks Research raised Societe Generale Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Six investment 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.com, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The company has a debt-to-equity ratio of 3.40, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $65.80 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The business has a fifty day simple moving average of $15.56 and a two-hundred day simple moving average of $13.80.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, topping 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 analyst estimates of $7.54 billion. Research analysts anticipate that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Company Profile

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.