Société Générale Société anonyme (OTCMKTS:SCGLY – Get Rating) has earned an average recommendation of “Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.69.
A number of brokerages recently weighed in on SCGLY. UBS Group boosted their target price on shares of Société Générale Société anonyme from €30.00 ($32.61) to €34.70 ($37.72) and gave the stock a “neutral” rating in a report on Monday, February 7th. Berenberg Bank upgraded shares of Société Générale Société anonyme from a “sell” rating to a “hold” rating and set a €25.50 ($27.72) target price on the stock in a report on Monday, March 7th. Jefferies Financial Group downgraded shares of Société Générale Société anonyme from a “buy” rating to a “hold” rating and lowered their target price for the stock from $31.00 to $25.00 in a report on Friday, April 8th. JPMorgan Chase & Co. lowered their target price on shares of Société Générale Société anonyme from €32.00 ($34.78) to €29.00 ($31.52) and set an “overweight” rating on the stock in a report on Monday. Finally, Credit Suisse Group boosted their target price on shares of Société Générale Société anonyme from €36.00 ($39.13) to €38.00 ($41.30) and gave the stock an “outperform” rating in a report on Tuesday.
Shares of SCGLY opened at $4.84 on Wednesday. Société Générale Société anonyme has a twelve month low of $4.24 and a twelve month high of $8.51. The firm’s 50 day moving average price is $5.97 and its two-hundred day moving average price is $6.54. The firm has a market cap of $20.26 billion, a P/E ratio of 3.32 and a beta of 1.55.
About Société Générale Société anonyme (Get Rating)
Société Générale SA provides banking and financial services. It operates through the following business segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking & Investor Solutions. The French Retail Banking segment includes the domestic networks Societe Generale, Crédit du Nord and Boursorama.
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