Societe Generale Group (OTCMKTS:SCGLY) Sets New 52-Week High – Here’s Why

Societe Generale Group (OTCMKTS:SCGLY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.87 and last traded at $17.85, with a volume of 145377 shares changing hands. The stock had previously closed at $17.53.

Analyst Ratings Changes

SCGLY has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Societe Generale Group in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a research note on Wednesday, January 21st. The Goldman Sachs Group raised Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Finally, Kepler Capital Markets lowered Societe Generale Group from a “buy” rating to a “reduce” rating in a research report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Societe Generale Group has a consensus rating of “Moderate Buy”.

Societe Generale Group Stock Down 2.0%

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.40. The company has a market capitalization of $68.60 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.42 and a beta of 0.78. The stock’s fifty day moving average price is $16.01 and its 200-day moving average price is $14.02.

About Societe Generale Group

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.