Societe Generale (EPA:GLE) PT Set at €47.00 by Goldman Sachs Group

Societe Generale (EPA:GLE) has been assigned a €47.00 ($54.65) price target by research analysts at Goldman Sachs Group in a research note issued to investors on Wednesday, September 12th. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price target would suggest a potential upside of 4.01% from the stock’s previous close.

A number of other research analysts have also weighed in on GLE. Deutsche Bank set a €42.00 ($48.84) price objective on Societe Generale and gave the stock a “neutral” rating in a report on Friday, July 13th. Royal Bank of Canada set a €45.00 ($52.33) price objective on Societe Generale and gave the stock a “neutral” rating in a report on Wednesday, June 27th. Credit Suisse Group set a €39.00 ($45.35) price objective on Societe Generale and gave the stock a “sell” rating in a report on Thursday, June 21st. UBS Group set a €47.00 ($54.65) price objective on Societe Generale and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. set a €48.00 ($55.81) price objective on Societe Generale and gave the stock a “neutral” rating in a report on Tuesday, July 10th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €44.36 ($51.59).

GLE stock traded up €0.42 ($0.49) on Wednesday, reaching €45.19 ($52.55). 7,380,000 shares of the company’s stock were exchanged, compared to its average volume of 4,140,000. Societe Generale has a twelve month low of €41.88 ($48.70) and a twelve month high of €52.26 ($60.77).

Societe Generale Company Profile

Société Générale Société anonyme provides financial services in Europe and internationally. It operates through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions. The company offers retail banking services to individual customers, professionals, and corporate and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.

Further Reading: Diversification Important in Investing

Analyst Recommendations for Societe Generale (EPA:GLE)

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