Societe Generale SA (NASDAQ:SCGLY) Given Average Recommendation of “Buy” by Brokerages
Societe Generale SA (NASDAQ:SCGLY) has been assigned an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Societe Generale SA’s rating score has improved by 16.5% in the last three months as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price target of $8.33 for the company, according to Zacks. Zacks has also given Societe Generale SA an industry rank of 68 out of 265 based on the ratings given to its competitors.
Several brokerages recently weighed in on SCGLY. Zacks Investment Research upgraded Societe Generale SA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Credit Suisse Group AG began coverage on Societe Generale SA in a research note on Friday. They set a “neutral” rating and a $35.00 target price for the company.
Shares of Societe Generale SA (NASDAQ:SCGLY) traded down 0.43% on Tuesday, reaching $6.95. The company had a trading volume of 32,993 shares. The firm has a market capitalization of $27.77 billion and a PE ratio of 6.64. The company’s 50-day moving average is $7.11 and its 200 day moving average is $7.33. Societe Generale SA has a 12 month low of $5.69 and a 12 month high of $9.90.
Societe Generale SA Company Profile
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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