Societe Generale (GLE) PT Set at €40.00 by Royal Bank of Canada

Societe Generale (EPA:GLE) has been given a €40.00 ($46.51) target price by stock analysts at Royal Bank of Canada in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential downside of 11.48% from the stock’s previous close.

Several other equities analysts have also commented on GLE. Deutsche Bank set a €42.00 ($48.84) price objective on shares of Societe Generale and gave the company a “neutral” rating in a research report on Friday, July 13th. Morgan Stanley set a €45.00 ($52.33) price objective on shares of Societe Generale and gave the company a “neutral” rating in a research report on Friday, July 20th. Goldman Sachs Group set a €50.00 ($58.14) price objective on shares of Societe Generale and gave the company a “neutral” rating in a research report on Monday, July 23rd. Credit Suisse Group set a €39.00 ($45.35) price objective on shares of Societe Generale and gave the company a “sell” rating in a research report on Tuesday, July 24th. Finally, UBS Group set a €47.00 ($54.65) price objective on shares of Societe Generale and gave the company a “buy” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €43.86 ($51.00).

Shares of Societe Generale stock opened at €45.19 ($52.55) on Thursday. Societe Generale has a 52 week low of €41.88 ($48.70) and a 52 week high of €52.26 ($60.77).

Societe Generale Company Profile

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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Analyst Recommendations for Societe Generale (EPA:GLE)

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