Societe Generale Group (OTCMKTS:SCGLY) Sets New 12-Month High - Should You Buy?

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) reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.99 and last traded at $12.84, with a volume of 321305 shares trading hands. The stock had previously closed at $12.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group upgraded Societe Generale Group from a "neutral" rating to a "buy" rating in a research note on Tuesday, August 5th. Barclays reiterated an "overweight" rating on shares of Societe Generale Group in a research note on Monday, August 4th. Two 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. Based on data from MarketBeat, Societe Generale Group has an average rating of "Moderate Buy".

Societe Generale Group Trading Up 1.9%

The business has a 50 day moving average of $11.71 and a two-hundred day moving average of $9.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.32. The firm has a market cap of $52.48 billion, a P/E ratio of 9.57, a PEG ratio of 0.38 and a beta of 1.12.

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