Societe Generale Group (OTCMKTS:SCGLY) Hits New 1-Year High – Should You Buy?

Societe Generale Group (OTCMKTS:SCGLY) shares reached a new 52-week high on Wednesday . The stock traded as high as $15.66 and last traded at $15.59, with a volume of 4633 shares trading hands. The stock had previously closed at $15.23.

Wall Street Analyst Weigh In

Several brokerages have commented on SCGLY. Citigroup reiterated a “buy” rating on shares of Societe Generale Group in a research note on Friday. The Goldman Sachs Group raised Societe Generale Group from a “neutral” rating to a “buy” rating in a research note on Thursday, December 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Societe Generale Group in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Societe Generale Group in a report on Friday, November 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Societe Generale Group in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Societe Generale Group Stock Up 3.2%

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 50 day simple moving average of $13.38 and a two-hundred day simple moving average of $12.73. The company has a market capitalization of $60.28 billion, a P/E ratio of 10.48, a PEG ratio of 0.42 and a beta of 0.82.

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

Societe Generale Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 24th. Shareholders of record on Tuesday, October 7th were given 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 payout ratio is 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.