Societe Generale Group (OTCMKTS:SCGLY) Hits New 52-Week High – Here’s What Happened

Societe Generale Group (OTCMKTS:SCGLY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $16.17 and last traded at $16.1440, with a volume of 143857 shares. The stock had previously closed at $16.02.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Friday, December 12th. Kepler Capital Markets upgraded Societe Generale Group from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Societe Generale Group in a research note on Friday, November 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Societe Generale Group Trading Down 0.1%

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.40. The firm has a market capitalization of $61.93 billion, a P/E ratio of 10.77, a PEG ratio of 0.43 and a beta of 0.82. The business has a 50 day moving average of $13.78 and a 200-day moving average of $12.92.

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

Societe Generale Group Cuts Dividend

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

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.