Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 1-Year High – Time to Buy?

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) hit a new 52-week high on Tuesday . The company traded as high as $9.48 and last traded at $9.41, with a volume of 1099377 shares changing hands. The stock had previously closed at $9.23.

Analyst Ratings Changes

SCGLY has been the topic of several recent research reports. The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Barclays raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Société Générale Société anonyme Stock Performance

The firm has a market capitalization of $37.65 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.26 and a beta of 1.27. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. The company has a 50-day moving average of $7.31 and a 200-day moving average of $6.03.

Société Générale Société anonyme (OTCMKTS:SCGLY) last announced its earnings results on Thursday, February 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 4.49% and a net margin of 14.96%. On average, equities analysts anticipate that Société Générale Société anonyme will post 1.14 earnings per share for the current fiscal year.

About Société Générale Société anonyme

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.