Societe Generale SA (NASDAQ:SCGLY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, July 12th. The firm currently has a $13.00 price target on the financial services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 7.97% from the stock’s previous close.

According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “

Separately, Barclays PLC cut Societe Generale SA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $24.00.

Shares of Societe Generale SA (NASDAQ SCGLY) opened at 12.04 on Wednesday. The company has a market cap of $48.21 billion and a PE ratio of 14.86. Societe Generale SA has a 52 week low of $6.53 and a 52 week high of $12.02. The stock’s 50 day moving average price is $11.13 and its 200-day moving average price is $10.39.

COPYRIGHT VIOLATION NOTICE: “Societe Generale SA (SCGLY) Upgraded to “Strong-Buy” at Zacks Investment Research” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at

About Societe Generale SA

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.

Get a free copy of the Zacks research report on Societe Generale SA (SCGLY)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Stock Ratings for Societe Generale SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Societe Generale SA and related stocks with our FREE daily email newsletter.