Societe Generale (GLE) Given a €49.00 Price Target by UBS Group Analysts
Societe Generale (EPA:GLE) has been given a €49.00 ($58.33) target price by stock analysts at UBS Group in a research report issued to clients and investors on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target would suggest a potential upside of 10.09% from the company’s current price.
A number of other equities research analysts have also recently commented on GLE. Credit Suisse Group set a €48.00 ($57.14) target price on Societe Generale and gave the company a “sell” rating in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. set a €55.00 ($65.48) target price on Societe Generale and gave the company a “buy” rating in a research report on Monday, September 25th. HSBC set a €46.00 ($54.76) target price on Societe Generale and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank set a €50.00 ($59.52) target price on Societe Generale and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Finally, Goldman Sachs Group set a €49.00 ($58.33) target price on Societe Generale and gave the company a “neutral” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of €48.97 ($58.29).
Shares of Societe Generale (EPA:GLE) traded up €1.07 ($1.27) during trading hours on Thursday, reaching €44.44 ($52.90). The company had a trading volume of 5,880,000 shares, compared to its average volume of 3,820,000. The company has a market capitalization of $35,900.00 and a PE ratio of 13.47. Societe Generale has a 52 week low of €40.65 ($48.39) and a 52 week high of €52.26 ($62.21).
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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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