Kepler Capital Markets set a €46.10 ($53.60) price objective on Societe Generale (EPA:GLE) in a research note published on Thursday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other brokerages have also recently weighed in on GLE. Berenberg Bank set a €30.00 ($34.88) price objective on shares of Societe Generale and gave the stock a sell rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. reissued a neutral rating on shares of Societe Generale in a research note on Tuesday, September 4th. HSBC set a €50.00 ($58.14) price objective on shares of Societe Generale and gave the stock a buy rating in a research note on Monday, September 3rd. Deutsche Bank set a €43.00 ($50.00) price objective on shares of Societe Generale and gave the stock a neutral rating in a research note on Friday, August 10th. Finally, Credit Suisse Group set a €39.00 ($45.35) price objective on shares of Societe Generale and gave the stock a sell rating in a research note on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of €43.86 ($51.00).
Shares of GLE traded up €0.42 ($0.49) during mid-day trading on Thursday, reaching €45.19 ($52.55). 7,380,000 shares of the company’s stock were exchanged, compared to its average volume of 4,140,000. Societe Generale has a 52-week low of €41.88 ($48.70) and a 52-week high of €52.26 ($60.77).
Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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