Societe Generale (GLE) PT Set at €51.00 by Citigroup
Societe Generale (EPA:GLE) has been assigned a €51.00 ($62.96) price target by research analysts at Citigroup in a research note issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s target price would indicate a potential upside of 12.86% from the stock’s previous close.
Several other brokerages have also recently issued reports on GLE. JPMorgan Chase & Co. set a €49.00 ($60.49) target price on shares of Societe Generale and gave the stock a “neutral” rating in a report on Wednesday, March 7th. UBS set a €49.00 ($60.49) target price on shares of Societe Generale and gave the stock a “buy” rating in a report on Tuesday, December 19th. Deutsche Bank set a €49.00 ($60.49) target price on shares of Societe Generale and gave the stock a “neutral” rating in a report on Friday, February 9th. Macquarie set a €39.00 ($48.15) price objective on shares of Societe Generale and gave the company a “sell” rating in a report on Friday, March 9th. Finally, Goldman Sachs set a €49.00 ($60.49) price objective on shares of Societe Generale and gave the company a “neutral” rating in a report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Societe Generale presently has a consensus rating of “Hold” and an average price target of €48.25 ($59.57).
Shares of Societe Generale (GLE) traded up €0.42 ($0.52) during trading on Friday, hitting €45.19 ($55.79). 7,380,000 shares of the company traded hands, compared to its average volume of 4,140,000. Societe Generale has a 12-month low of €41.88 ($51.70) and a 12-month high of €52.26 ($64.52). The stock has a market capitalization of $36,510.00 and a PE ratio of 15.48.
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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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