Societe Generale SA (SCGLY) Receives Average Recommendation of “Hold” from Brokerages
Shares of Societe Generale SA (NASDAQ:SCGLY) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.00.
SCGLY has been the subject of several analyst reports. Zacks Investment Research upgraded Societe Generale SA from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, May 24th. Barclays PLC lowered Societe Generale SA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 28th.
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Societe Generale SA (SCGLY) opened at 10.25 on Friday. The company has a market capitalization of $41.04 billion and a price-to-earnings ratio of 11.41. Societe Generale SA has a 12-month low of $5.69 and a 12-month high of $11.90. The stock has a 50 day moving average price of $10.96 and a 200-day moving average price of $10.08.
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.
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