Société Générale Société anonyme (OTCMKTS:SCGLY - Get Free Report) shares reached a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company 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 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. Société Générale Société anonyme had a net margin of 14.96% and a return on equity of 4.49%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Citigroup raised shares of Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a report on Friday, November 1st. The Goldman Sachs Group raised shares of Société Générale Société anonyme from a "strong sell" rating to a "hold" rating in a research report on Wednesday, December 11th. Finally, Barclays raised Société Générale Société anonyme from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".
View Our Latest Stock Analysis on Société Générale Société anonyme
Société Générale Société anonyme Price Performance
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 stock has a fifty day simple moving average of $5.90 and a two-hundred day simple moving average of $5.38. The company has a market cap of $29.53 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 0.13 and a beta of 1.34.
Société Générale Société anonyme Company Profile
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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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