Société Générale Société anonyme (OTCMKTS:SCGLY) Hits New 52-Week High – Here’s Why

Société Générale Société anonyme (OTCMKTS:SCGLY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.19 and last traded at $6.19, with a volume of 613307 shares changing hands. The stock had previously closed at $5.96.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SCGLY shares. The Goldman Sachs Group upgraded shares of Société Générale Société anonyme from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 11th. Citigroup raised Société Générale Société anonyme from a “hold” rating to a “strong-buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Société Générale Société anonyme Trading Up 2.8 %

The stock has a market cap of $25.29 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.11 and a beta of 1.33. The business has a 50 day moving average of $5.63 and a 200-day moving average of $5.26.

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.