Société Générale Société anonyme (OTCMKTS:SCGLY) Reaches New 52-Week High - Here's Why

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $11.65 and last traded at $11.54, with a volume of 611622 shares. The stock had previously closed at $11.19.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Kepler Capital Markets downgraded shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. UBS Group downgraded shares of Société Générale Société anonyme from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Société Générale Société anonyme currently has a consensus rating of "Moderate Buy".

Société Générale Société anonyme Stock Performance

The company has a market cap of $46.30 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.26 and a beta of 1.07. The firm's fifty day moving average is $10.26 and its 200 day moving average is $8.19. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61.

Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.02 billion. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%. As a group, research analysts predict that Société Générale Société anonyme will post 1.14 EPS for the current fiscal year.

Société Générale Société anonyme Cuts Dividend

The company also recently declared 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 1.62%. The ex-dividend date of this dividend was Thursday, May 22nd. Société Générale Société anonyme's dividend payout ratio (DPR) is presently 12.40%.

About Société Générale Société anonyme

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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