Societe Generale Group (OTCMKTS:SCGLY) Hits New 1-Year High - What's Next?

Key Points

• Societe Generale Group reached a new 52-week high of $13.67, showing an increase in share price, with a recent trading volume of 761 shares.
• Analysts have issued an average rating of "Moderate Buy" for Societe Generale, with recent upgrades from UBS Group and a positive rating from Barclays.
• Despite the positive earnings of $0.36 per share exceeding estimates, the company recently cut its dividend, reflecting a dividend payout ratio of 11.35%.

Shares of Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $13.67 and last traded at $13.67, with a volume of 761 shares trading hands. The stock had previously closed at $13.46.

Analyst Ratings Changes

SCGLY has been the subject of several recent research reports. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a research report on Monday, August 4th. UBS Group raised Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Societe Generale Group Stock Up 0.4%

The company has a debt-to-equity ratio of 3.32, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $54.30 billion, a PE ratio of 9.81, a PEG ratio of 0.38 and a beta of 1.12. The company has a 50 day moving average price of $11.96 and a 200-day moving average price of $10.12.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Societe Generale Group had a return on equity of 6.03% and a net margin of 19.31%. The firm had revenue of $7.71 billion for the quarter, compared to analysts' expectations of $6.58 billion. As a group, analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current fiscal year.

Societe Generale Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a $0.1797 dividend. This represents a yield of 162.0%. The ex-dividend date of this dividend was Thursday, May 22nd. Societe Generale Group's dividend payout ratio is presently 11.35%.

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.