Societe Generale Group (OTCMKTS:SCGLY) Reaches New 12-Month High - Here's What Happened

Key Points

• Societe Generale Group's stock reached a new 52-week high of $12.99 during trading, ultimately closing at $12.84 with a trading volume of 321,305 shares.
• Analysts are optimistic about the company's performance, with upgrades to a "buy" rating from UBS Group and a strong average rating of "Moderate Buy".
• The company reported strong earnings of $0.36 per share, exceeding estimates, and has a current market cap of $49.93 billion.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $12.99 and last traded at $12.84, with a volume of 321305 shares changing hands. The stock had previously closed at $12.77.

Wall Street Analysts Forecast Growth

SCGLY has been the subject of a number of research analyst reports. UBS Group upgraded shares of Societe Generale Group from a "neutral" rating to a "buy" rating in a report on Tuesday. Barclays reissued an "overweight" rating on shares of Societe Generale Group in a research report on Monday. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Societe Generale Group has a consensus rating of "Moderate Buy".

Societe Generale Group Price Performance

The firm has a 50 day moving average price of $11.66 and a two-hundred day moving average price of $9.82. The company has a market cap of $51.48 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.37 and a beta of 1.12. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.32 and a current ratio of 1.32.

Societe Generale Group (OTCMKTS:SCGLY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $6.58 billion. Societe Generale Group had a net margin of 19.31% and a return on equity of 6.03%. On average, analysts predict that Societe Generale Group will post 1.14 EPS for the current fiscal year.

Societe Generale Group Cuts Dividend

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