Societe Generale SA (GLE) Receives Consensus Rating of “Hold” from Analysts
Societe Generale SA (EPA:GLE) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is €44.01 ($51.17).
A number of research firms recently commented on GLE. Deutsche Bank set a €42.00 ($48.84) price objective on shares of Societe Generale and gave the company a “neutral” rating in a research report on Friday, July 13th. Goldman Sachs Group set a €47.00 ($54.65) target price on Societe Generale and gave the stock a “neutral” rating in a report on Tuesday, October 23rd. UBS Group set a €47.00 ($54.65) target price on Societe Generale and gave the stock a “buy” rating in a report on Thursday, August 2nd. Credit Suisse Group set a €39.00 ($45.35) target price on Societe Generale and gave the stock a “sell” rating in a report on Tuesday, July 24th. Finally, Royal Bank of Canada set a €40.00 ($46.51) target price on Societe Generale and gave the stock a “neutral” rating in a report on Friday, October 19th.
Shares of GLE traded up €0.42 ($0.49) during trading hours on Friday, reaching €45.19 ($52.55). The stock had a trading volume of 7,380,000 shares, compared to its average volume of 4,140,000. Societe Generale has a 52 week low of €41.88 ($48.70) and a 52 week 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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