Societe Generale SA (GLE) Receives Consensus Recommendation of “Hold” from Brokerages

Societe Generale SA (EPA:GLE) has been given an average rating of “Hold” by the seventeen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is €48.25 ($59.57).

A number of analysts have recently issued reports on the stock. Citigroup set a €51.00 ($62.96) target price on shares of Societe Generale and gave the company a “buy” rating in a research note on Friday. Goldman Sachs set a €51.00 ($62.96) target price on shares of Societe Generale and gave the company a “neutral” rating in a research note on Thursday, March 15th. JPMorgan Chase & Co. set a €51.00 ($62.96) target price on shares of Societe Generale and gave the company a “neutral” rating in a research note on Thursday, March 15th. Macquarie set a €39.00 ($48.15) target price on shares of Societe Generale and gave the company a “sell” rating in a research note on Friday, March 9th. Finally, Royal Bank of Canada set a €50.00 ($61.73) target price on shares of Societe Generale and gave the company a “neutral” rating in a research note on Thursday, March 8th.

Shares of Societe Generale (EPA GLE) traded up €0.42 ($0.52) on Friday, hitting €45.19 ($55.79). 7,380,000 shares of the stock were exchanged, compared to its average volume of 4,140,000. The stock has a market capitalization of $36,510.00 and a price-to-earnings ratio of 15.48. Societe Generale has a 1 year low of €41.88 ($51.70) and a 1 year high of €52.26 ($64.52).

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About Societe Generale

Societe Generale SA is a France- based financial services company. It is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Its core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

Analyst Recommendations for Societe Generale (EPA:GLE)

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