Societe Generale Group (OTCMKTS:SCGLY) Hits New 1-Year High – Here’s Why

Shares of Societe Generale Group (OTCMKTS:SCGLY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.29 and last traded at $14.19, with a volume of 433188 shares. The stock had previously closed at $13.88.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SCGLY. Zacks Research raised shares of Societe Generale Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. UBS Group raised shares of Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Societe Generale Group Trading Up 2.1%

The stock has a market capitalization of $54.33 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.39 and a beta of 0.81. 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 business has a 50 day simple moving average of $13.05 and a 200-day simple moving average of $12.44.

Societe Generale Group (OTCMKTS:SCGLY) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.54 billion. Societe Generale Group had a net margin of 20.06% and a return on equity of 6.18%. As a group, equities analysts expect that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 24th. Investors of record on Tuesday, October 7th were issued a dividend of $0.109 per share. The ex-dividend date was Monday, October 6th. This represents a yield of 216.0%. Societe Generale Group’s dividend payout ratio is presently 17.33%.

Societe Generale Group 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.