Societe Generale SA (NASDAQ:SCGLY) Given Average Recommendation of “Buy” by Brokerages
Societe Generale SA (NASDAQ:SCGLY) has earned a consensus broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. Societe Generale SA’s rating score has improved by 16.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus target price of $8.33 for the company, according to Zacks. Zacks has also assigned Societe Generale SA an industry rank of 68 out of 265 based on the ratings given to related companies.
A number of research firms have recently issued reports on SCGLY. Zacks Investment Research cut shares of Societe Generale SA from a “buy” rating to a “sell” rating in a research report on Friday, July 1st. Credit Suisse Group AG began coverage on shares of Societe Generale SA in a research report on Friday. They set a “neutral” rating and a $35.00 price objective on the stock.
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Societe Generale SA (NASDAQ:SCGLY) traded down 0.43% during trading on Tuesday, hitting $6.95. The stock had a trading volume of 32,993 shares. The firm has a 50 day moving average price of $7.11 and a 200-day moving average price of $7.33. The firm has a market capitalization of $27.77 billion and a PE ratio of 6.64. Societe Generale SA has a 1-year low of $5.69 and a 1-year high of $9.90.
About Societe Generale SA
Societe Generale SA is a financial services company. The Company is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The Company’s 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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