Societe Generale Group (OTCMKTS:SCGLY) Reaches New 52-Week High – Should You Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares 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 changing hands. The stock had previously closed at $19.1350.

Wall Street Analyst Weigh In

Several research firms have weighed in on SCGLY. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Kepler Capital Markets raised shares of Societe Generale Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Societe Generale raised shares of Societe Generale Group from a “market perform” rating to a “hold” rating in a report on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Societe Generale Group has an average rating of “Moderate Buy”.

Societe Generale Group Stock Performance

The business’s 50-day simple moving average is $17.42 and its two-hundred day simple moving average is $16.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 2.06. The firm has a market cap of $71.90 billion, a price-to-earnings ratio of 9.96, a P/E/G ratio of 0.60 and a beta of 0.80.

Societe Generale Group (OTCMKTS:SCGLY) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. Societe Generale Group had a net margin of 23.30% and a return on equity of 7.29%. The business had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.03 billion. As a group, sell-side analysts expect that Societe Generale Group will post 1.75 earnings per share for the current fiscal 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.