Societe Generale Group (OTCMKTS:SCGLY) Hits New 52-Week High - Should You Buy?

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $11.69 and last traded at $11.58, with a volume of 11033 shares trading hands. The stock had previously closed at $11.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SCGLY shares. Kepler Capital Markets downgraded Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 2nd. UBS Group lowered Societe Generale Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Societe Generale Group Trading Up 1.5%

The stock's fifty day simple moving average is $10.95 and its 200-day simple moving average is $8.72. The company has a debt-to-equity ratio of 3.43, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $46.74 billion, a PE ratio of 9.05, a PEG ratio of 0.28 and a beta of 1.06.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Societe Generale Group had a return on equity of 5.57% and a net margin of 18.10%. The company had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.02 billion. On average, sell-side analysts forecast that Societe Generale Group will post 1.14 earnings per share for the current year.

Societe Generale Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were issued a dividend of $0.1797 per share. This represents a dividend yield of 1.62%. The ex-dividend date was Thursday, May 22nd. Societe Generale Group's dividend payout ratio (DPR) is 12.40%.

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.