Zacks: Analysts Set $8.33 Price Target for Societe Generale SA (NASDAQ:SCGLY)
Shares of Societe Generale SA (NASDAQ:SCGLY) have been given an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. Societe Generale SA’s rating score has improved by 16.5% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $8.33 for the company, according to Zacks. Zacks has also assigned Societe Generale SA an industry rank of 61 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on SCGLY. Zacks Investment Research upgraded Societe Generale SA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Credit Suisse Group AG assumed coverage on Societe Generale SA in a report on Friday, September 16th. They issued a “neutral” rating and a $35.00 price objective on the stock.
Shares of Societe Generale SA (NASDAQ:SCGLY) opened at 7.275 on Tuesday. The stock has a market capitalization of $29.07 billion and a P/E ratio of 6.966. The stock has a 50 day moving average price of $7.16 and a 200 day moving average price of $7.32. Societe Generale SA has a one year low of $5.69 and a one year high of $9.90.
Societe Generale SA Company Profile
Societe Generale SA is a financial services company. The Company is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The Company’s 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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