Société Générale Société anonyme (OTCMKTS:SCGLY) Receives $32.51 Consensus Price Target from Analysts

Société Générale Société anonyme (OTCMKTS:SCGLY – Get Rating) has earned an average rating of “Buy” from the sixteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.51.

Several equities research analysts recently issued reports on SCGLY shares. Royal Bank of Canada raised their target price on shares of Société Générale Société anonyme from €25.00 ($26.32) to €29.00 ($30.53) in a report on Tuesday, April 12th. Berenberg Bank upgraded shares of Société Générale Société anonyme from a “sell” rating to a “hold” rating and set a €25.50 ($26.84) target price on the stock in a report on Monday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Société Générale Société anonyme from €32.00 ($33.68) to €29.00 ($30.53) and set an “overweight” rating on the stock in a report on Monday, April 11th. UBS Group lifted their price target on shares of Société Générale Société anonyme from €30.00 ($31.58) to €34.70 ($36.53) and gave the stock a “neutral” rating in a research note on Monday, February 7th. Finally, Barclays reduced their price objective on Société Générale Société anonyme from €41.20 ($43.37) to €39.90 ($42.00) and set an “overweight” rating for the company in a research note on Thursday, April 14th.

Shares of SCGLY stock opened at $4.78 on Friday. Société Générale Société anonyme has a 12-month low of $4.24 and a 12-month high of $8.51. The firm’s 50 day moving average is $5.08 and its 200 day moving average is $6.35. The stock has a market capitalization of $20.01 billion, a P/E ratio of 3.34 and a beta of 1.51.

Société Générale Société anonyme (OTCMKTS:SCGLY – Get Rating) last issued its earnings results on Thursday, February 10th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Société Générale Société anonyme had a net margin of 21.83% and a return on equity of 6.69%. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7 billion. On average, analysts predict that Société Générale Société anonyme will post 0.62 EPS for the current year.

Société Générale Société anonyme Company Profile (Get Rating)

Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally. It offers retail banking services under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance, investor, and other financial services.

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