Morgan Stanley Analysts Give Societe Generale (GLE) a €54.30 Price Target
Societe Generale (EPA:GLE) has been given a €54.30 ($64.64) target price by investment analysts at Morgan Stanley in a report issued on Wednesday. The firm presently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 21.26% from the company’s previous close.
GLE has been the subject of several other research reports. UBS set a €52.00 ($61.90) price objective on shares of Societe Generale and gave the stock a “buy” rating in a research note on Tuesday, November 28th. J P Morgan Chase & Co set a €54.00 ($64.29) price objective on shares of Societe Generale and gave the stock a “buy” rating in a research note on Thursday, October 19th. Deutsche Bank set a €51.00 ($60.71) price objective on shares of Societe Generale and gave the stock a “neutral” rating in a research note on Monday, November 6th. Jefferies Group set a €60.40 ($71.90) target price on shares of Societe Generale and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Goldman Sachs Group set a €49.00 ($58.33) target price on shares of Societe Generale and gave the company a “neutral” rating in a research report on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. Societe Generale has an average rating of “Hold” and an average price target of €48.90 ($58.21).
Shares of Societe Generale (EPA:GLE) opened at €44.78 ($53.31) on Wednesday. Societe Generale has a 12 month low of €40.65 ($48.39) and a 12 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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