Societe Generale (EPA:GLE) has been given a €50.40 ($60.00) price objective by research analysts at Kepler Capital Markets in a research note issued on Wednesday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Kepler Capital Markets’ target price would suggest a potential upside of 11.18% from the stock’s previous close.
A number of other brokerages have also recently issued reports on GLE. UBS Group set a €54.00 ($64.29) target price on shares of Societe Generale and gave the company a “buy” rating in a research report on Thursday, October 19th. Royal Bank of Canada set a €50.00 ($59.52) target price on shares of Societe Generale and gave the company a “neutral” rating in a research report on Monday, December 18th. Goldman Sachs Group set a €49.00 ($58.33) target price on shares of Societe Generale and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Morgan Stanley set a €54.30 ($64.64) target price on shares of Societe Generale and gave the company a “buy” rating in a research report on Wednesday, December 13th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Societe Generale in a research report on Monday, November 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €48.57 ($57.82).
Societe Generale (EPA GLE) traded up €0.20 ($0.24) during trading hours on Wednesday, hitting €45.33 ($53.96). 3,150,000 shares of the company’s stock traded hands, compared to its average volume of 3,870,000. Societe Generale has a 12-month low of €40.65 ($48.39) and a 12-month high of €52.26 ($62.21). The firm has a market capitalization of $36,620.00 and a P/E ratio of 13.74.
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About Societe Generale
Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.
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