Morgan Stanley Analysts Give Societe Generale (SCGLY) a $44.00 Price Target

Morgan Stanley set a $44.00 target price on Societe Generale (OTCMKTS:SCGLY) in a research note issued to investors on Tuesday morning. The brokerage currently has a hold rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group reissued a hold rating on shares of Societe Generale in a research note on Tuesday, October 23rd. Zacks Investment Research raised Societe Generale from a strong sell rating to a hold rating in a report on Wednesday, August 15th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Societe Generale in a report on Friday, November 9th. Keefe, Bruyette & Woods reaffirmed a sell rating on shares of Societe Generale in a report on Monday, November 19th. Finally, Credit Suisse Group reaffirmed a sell rating on shares of Societe Generale in a report on Friday, November 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $33.67.

OTCMKTS SCGLY opened at $7.32 on Tuesday. Societe Generale has a 12 month low of $7.21 and a 12 month high of $11.75. The firm has a market capitalization of $29.71 billion, a PE ratio of 6.42 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.37 and a current ratio of 1.34.

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.

Further Reading: Cash Flow Analysis in Stock Selection

Analyst Recommendations for Societe Generale (OTCMKTS:SCGLY)

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