Societe Generale Group (OTCMKTS:SCGLY) Sets New 12-Month High – Here’s What Happened

Societe Generale Group (OTCMKTS:SCGLY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.25 and last traded at $19.2488, with a volume of 166798 shares. The stock had previously closed at $19.1350.

Analysts Set New Price Targets

A number of brokerages have commented on SCGLY. Citigroup restated a “buy” rating on shares of Societe Generale Group in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. Societe Generale upgraded Societe Generale Group from a “market perform” rating to a “hold” rating in a research report on Friday, May 15th. Kepler Capital Markets raised Societe Generale Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Finally, Zacks Research upgraded Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Up 0.9%

The firm has a market cap of $71.88 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.60 and a beta of 0.80. The business’s 50-day moving average is $17.30 and its 200-day moving average is $16.63. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.21 and a current ratio of 1.21.

Societe Generale Group (OTCMKTS:SCGLY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.03 billion. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.29%. On average, equities analysts predict that Societe Generale Group will post 1.75 EPS 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.