Société Générale Société anonyme (OTCMKTS:SCGLY) Reaches New 52-Week High – Should You Buy?

Shares of Société Générale Société anonyme (OTCMKTS:SCGLYGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $9.58 and last traded at $9.58, with a volume of 495227 shares trading hands. The stock had previously closed at $9.34.

Analyst Ratings Changes

SCGLY has been the topic of a number of recent analyst reports. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group upgraded Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Société Générale Société anonyme currently has a consensus rating of “Moderate Buy”.

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Société Générale Société anonyme Price Performance

The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50-day moving average price of $7.67 and a 200-day moving average price of $6.19. The firm has a market capitalization of $38.34 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 0.26 and a beta of 1.27.

Société Générale Société anonyme (OTCMKTS:SCGLYGet Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. On average, sell-side analysts predict that Société Générale Société anonyme will post 1.14 earnings per share for the current year.

About Société Générale Société anonyme

(Get Free Report)

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.

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