Deutsche Bank Reiterates €43.00 Price Target for Societe Generale (GLE)
Societe Generale (EPA:GLE) received a €43.00 ($50.00) target price from equities research analysts at Deutsche Bank in a research note issued on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential downside of 4.85% from the company’s current price.
A number of other brokerages have also issued reports on GLE. UBS Group set a €47.00 ($54.65) target price on shares of Societe Generale and gave the company a “buy” rating in a research note on Thursday, August 2nd. JPMorgan Chase & Co. set a €48.00 ($55.81) target price on shares of Societe Generale and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Credit Suisse Group set a €39.00 ($45.35) target price on shares of Societe Generale and gave the company a “sell” rating in a research note on Thursday, June 21st. Morgan Stanley set a €45.00 ($52.33) target price on shares of Societe Generale and gave the company a “neutral” rating in a research note on Friday, July 20th. Finally, HSBC set a €50.00 ($58.14) target price on shares of Societe Generale and gave the company a “buy” rating in a research note on Monday, September 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Societe Generale presently has an average rating of “Hold” and an average price target of €44.01 ($51.17).
Shares of GLE opened at €45.19 ($52.55) on Thursday. Societe Generale has a 12-month low of €41.88 ($48.70) and a 12-month high of €52.26 ($60.77).
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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