Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 12-Month High on Better-Than-Expected Earnings

Shares of Société Générale Société anonyme (OTCMKTS:SCGLY) reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $7.35 and last traded at $7.32, with a volume of 668257 shares changing hands. The stock had previously closed at $6.53.

The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Société Générale Société anonyme had a return on equity of 3.72% and a net margin of 12.96%.

Wall Street Analysts Forecast Growth

SCGLY has been the topic of several analyst reports. Barclays raised shares of Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup upgraded Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Société Générale Société anonyme presently has an average rating of “Moderate Buy”.

Société Générale Société anonyme Trading Up 12.1 %

The company has a market cap of $29.29 billion, a PE ratio of 8.82, a P/E/G ratio of 0.11 and a beta of 1.33. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.61. The company has a fifty day simple moving average of $5.82 and a two-hundred day simple moving average of $5.35.

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.