Societe Generale SA (GLE) Given a €55.00 Price Target by J P Morgan Chase & Co Analysts
Societe Generale SA (EPA:GLE) has been assigned a €55.00 ($61.11) price objective by investment analysts at J P Morgan Chase & Co in a research note issued on Monday. The firm currently has a “buy” rating on the financial services provider’s stock.
Other research analysts also recently issued reports about the company. Barclays PLC set a €50.00 ($55.56) target price on Societe Generale SA and gave the stock a “neutral” rating in a research note on Thursday, May 4th. Kepler Capital Markets set a €53.51 ($59.46) price objective on Societe Generale SA and gave the company a “neutral” rating in a research note on Friday, May 5th. Jefferies Group LLC set a €61.60 ($68.44) price objective on Societe Generale SA and gave the company a “buy” rating in a research note on Friday, May 19th. Deutsche Bank AG set a €47.00 ($52.22) price objective on Societe Generale SA and gave the company a “neutral” rating in a research note on Wednesday, June 7th. Finally, Morgan Stanley reissued a “buy” rating on shares of Societe Generale SA in a research note on Tuesday, June 13th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €50.48 ($56.08).
Societe Generale SA (EPA:GLE) opened at 46.875 on Monday. Societe Generale SA has a 12-month low of €25.00 and a 12-month high of €52.26. The stock has a market capitalization of €37.54 billion and a price-to-earnings ratio of 11.687. The company has a 50 day moving average of €48.70 and a 200-day moving average of €46.60.
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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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