Société Générale Société anonyme (OTCMKTS:SCGLY) Sets New 12-Month High on Better-Than-Expected Earnings

Société Générale Société anonyme (OTCMKTS:SCGLY)’s stock price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $7.35 and last traded at $7.32, with a volume of 668257 shares changing hands. The stock had previously closed at $6.53.

The financial services provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 12.96% and a return on equity of 3.72%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SCGLY shares. Citigroup raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 11th. Finally, Barclays upgraded shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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 stock has a market capitalization of $29.89 billion, a PE ratio of 9.00, a P/E/G ratio of 0.11 and a beta of 1.34. The stock’s 50-day moving average is $5.86 and its 200 day moving average is $5.36.

Société Générale Société anonyme Company Profile

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.