Societe Generale Group (OTCMKTS:SCGLY) Reaches New 1-Year High - Here's Why

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%.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on SCGLY. Barclays restated an "overweight" rating on shares of Societe Generale Group in a report on Monday, August 4th. UBS Group upgraded Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday, August 5th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Societe Generale Group Trading Up 1.8%

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 company has a market capitalization of $53.78 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.38 and a beta of 1.12. The business's 50-day moving average price is $11.76 and its two-hundred day moving average price is $9.97.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.04. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. The company had revenue of $7.71 billion for the quarter, compared to analyst estimates of $6.58 billion. Research analysts predict that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

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

About Societe Generale Group

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.

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