Societe Generale SA (GLE) Given a €53.00 Price Target at HSBC Holdings plc

HSBC Holdings plc set a €53.00 ($56.38) target price on Societe Generale SA (EPA:GLE) in a report released on Wednesday. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on GLE. Goldman Sachs Group, Inc. (The) set a €34.00 ($36.17) price target on Societe Generale SA and gave the stock a neutral rating in a report on Monday, October 24th. Deutsche Bank AG set a €35.00 ($37.23) price target on Societe Generale SA and gave the stock a neutral rating in a report on Thursday, October 20th. Citigroup Inc. set a €37.00 ($39.36) price target on Societe Generale SA and gave the stock a buy rating in a report on Monday, November 7th. Jefferies Group LLC set a €58.60 ($62.34) price target on Societe Generale SA and gave the stock a buy rating in a report on Thursday, January 19th. Finally, J P Morgan Chase & Co set a €53.00 ($56.38) price target on Societe Generale SA and gave the stock a buy rating in a report on Monday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Societe Generale SA presently has an average rating of Buy and an average price target of €45.23 ($48.11).

Shares of Societe Generale SA (EPA:GLE) traded up 1.35% during trading on Wednesday, reaching €43.77. The company had a trading volume of 2,747,834 shares. Societe Generale SA has a 12 month low of €25.00 and a 12 month high of €49.38. The firm’s 50 day moving average price is €46.13 and its 200 day moving average price is €38.05. The firm has a market capitalization of €34.99 billion and a P/E ratio of 10.28.

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About Societe Generale SA

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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