Societe Generale (GLE) Given a €54.30 Price Target at Morgan Stanley
Societe Generale (EPA:GLE) has been assigned a €54.30 ($64.64) price objective by equities researchers at Morgan Stanley in a report issued on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 21.26% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. UBS set a €54.00 ($64.29) price target on Societe Generale and gave the company a “buy” rating in a report on Monday, September 25th. J P Morgan Chase & Co set a €55.00 ($65.48) price target on Societe Generale and gave the company a “buy” rating in a report on Monday, September 25th. Finally, Jefferies Group set a €60.40 ($71.90) price target on Societe Generale and gave the company a “buy” rating in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of €48.90 ($58.21).
Shares of Societe Generale (GLE) opened at €44.78 ($53.31) on Wednesday. Societe Generale has a 1 year low of €40.65 ($48.39) and a 1 year high of €52.26 ($62.21).
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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.
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