Societe Generale SA (GLE) Given Average Rating of “Hold” by Brokerages
Societe Generale SA (EPA:GLE) has received an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is €49.05 ($58.39).
GLE has been the subject of a number of analyst reports. UBS set a €52.00 ($61.90) price target on Societe Generale and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Morgan Stanley set a €59.80 ($71.19) price target on Societe Generale and gave the stock a “buy” rating in a research report on Monday, October 2nd. J P Morgan Chase & Co set a €54.00 ($64.29) price target on Societe Generale and gave the stock a “buy” rating in a research report on Thursday, October 19th. Deutsche Bank set a €51.00 ($60.71) price target on Societe Generale and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Jefferies Group set a €60.40 ($71.90) price objective on Societe Generale and gave the company a “buy” rating in a report on Wednesday, November 15th.
Shares of Societe Generale (EPA GLE) traded up €0.58 ($0.69) on Thursday, reaching €44.53 ($53.01). 4,670,000 shares of the company’s stock were exchanged, compared to its average volume of 4,370,000. Societe Generale has a twelve month low of €40.65 ($48.39) and a twelve month high of €52.26 ($62.21).
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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