Societe Generale (GLE) Given a €45.00 Price Target at Morgan Stanley
Morgan Stanley set a €45.00 ($52.94) price objective on Societe Generale (EPA:GLE) in a research note issued to investors on Friday morning. The firm currently has a neutral rating on the financial services provider’s stock.
Several other brokerages have also issued reports on GLE. Jefferies Financial Group set a €60.00 ($70.59) target price on Societe Generale and gave the company a buy rating in a research report on Monday, June 4th. Kepler Capital Markets set a €44.09 ($51.87) target price on Societe Generale and gave the company a buy rating in a research report on Monday, June 4th. JPMorgan Chase & Co. set a €48.00 ($56.47) target price on Societe Generale and gave the company a neutral rating in a research report on Tuesday, July 10th. Credit Suisse Group set a €39.00 ($45.88) target price on Societe Generale and gave the company a sell rating in a research report on Thursday, June 21st. Finally, HSBC set a €43.00 ($50.59) target price on Societe Generale and gave the company a neutral rating in a research report on Friday, June 1st. Three research 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. Societe Generale currently has an average rating of Hold and a consensus price target of €45.76 ($53.83).
Shares of Societe Generale traded up €0.42 ($0.49), hitting €45.19 ($53.16), during trading hours on Friday, MarketBeat.com reports. 7,380,000 shares of the company’s stock traded hands, compared to its average volume of 4,140,000. Societe Generale has a 1 year low of €41.88 ($49.27) and a 1 year high of €52.26 ($61.48).
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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