Goldman Sachs Group Reiterates €49.00 Price Target for Societe Generale (GLE)

Societe Generale (EPA:GLE) received a €49.00 ($58.33) price objective from analysts at Goldman Sachs Group in a report issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price would indicate a potential upside of 8.26% from the company’s previous close.

A number of other brokerages have also recently commented on GLE. Kepler Capital Markets set a €50.40 ($60.00) target price on shares of Societe Generale and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. set a €51.00 ($60.71) target price on shares of Societe Generale and gave the company a “buy” rating in a report on Tuesday, January 9th. Morgan Stanley set a €54.30 ($64.64) target price on shares of Societe Generale and gave the company a “buy” rating in a report on Wednesday, December 13th. UBS Group set a €49.00 ($58.33) target price on shares of Societe Generale and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, HSBC set a €46.00 ($54.76) target price on shares of Societe Generale and gave the company a “neutral” rating in a report on Thursday, January 4th. Three 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. Societe Generale has a consensus rating of “Hold” and a consensus price target of €48.69 ($57.97).

Societe Generale (GLE) opened at €45.26 ($53.88) on Wednesday. The company has a market cap of $36,570.00 and a price-to-earnings ratio of 13.72. Societe Generale has a 1-year low of €40.65 ($48.39) and a 1-year high of €52.26 ($62.21).

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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.

Analyst Recommendations for Societe Generale (EPA:GLE)

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