Societe Generale’s (GLE) “Buy” Rating Reaffirmed at UBS
Several other research analysts have also commented on the company. Deutsche Bank set a €51.00 ($60.71) price objective on Societe Generale and gave the stock a neutral rating in a report on Wednesday, November 29th. J P Morgan Chase & Co set a €53.00 ($63.10) price objective on Societe Generale and gave the stock a buy rating in a report on Tuesday, November 28th. Morgan Stanley set a €56.50 ($67.26) price objective on Societe Generale and gave the stock a buy rating in a report on Friday, November 24th. Royal Bank of Canada set a €46.00 ($54.76) price objective on Societe Generale and gave the stock a neutral rating in a report on Friday, November 24th. Finally, Berenberg Bank set a €22.00 ($26.19) price objective on Societe Generale and gave the stock a sell rating in a report on Friday, November 17th. Three 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 stock. The stock presently has an average rating of Hold and a consensus price target of €49.04 ($58.39).
Societe Generale (GLE) opened at €43.83 ($52.18) on Monday. Societe Generale has a twelve month low of €40.65 ($48.39) and a twelve month high of €52.26 ($62.21).
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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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