Credit Suisse Group raises Societe Generale Société anonyme (OTCMKTS:SCGLY) target price to €38.00


Societe Generale Limited Company (OTCMKTS: SCGLYGet a rating) had its price target raised by investment analysts at Credit Suisse Group from €36.00 ($39.13) to €38.00 ($41.30) in a research note published on Tuesday, Fly reports. The company currently has an “outperform” rating on shares of the financial services provider.

Other stock analysts have also recently published research reports on the company. Jefferies Financial Group downgraded Societe Generale Société anonyme from a “buy” rating to a “hold” rating and cut its price target for the company from $31.00 to $25.00 in a research report on Friday. Morgan Stanley lowered its price target on Societe Generale Société anonyme from €43.00 ($46.74) to €34.00 ($36.96) in a Thursday, March 24 report. UBS Group raised its price target on Société Générale Société anonyme shares from €30.00 ($32.61) to €34.70 ($37.72) and assigned the stock a rating of “ neutral” in a Monday, February 7 report. JPMorgan Chase & Co. lowered its price target on Société Générale Société anonyme shares from €32.00 ($34.78) to €29.00 ($31.52) and set a rating of “overweight for the company in a research report on Monday. Finally, Berenberg Bank upgraded Société Générale Société anonyme shares from a “sell” rating to a “hold” rating and set a target price of €25.50 ($27.72) on the stock in a Monday, March 7 research report. Six investment analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat.com, Société Générale Société anonyme currently has a consensus Buy rating and consensus price target of $28.88.

Shares of Societe Generale Limited company traded up $0.24 during midday trading on Tuesday, hitting $4.92. 429,702 shares were traded, against an average volume of 326,686. Societe Generale Société anonyme has a fifty-two week low of $4.24 and a fifty-two week high of $8.51. The company has a market capitalization of $20.59 billion, a price-earnings ratio of 3.37 and a beta of 1.55. The company has a 50-day simple moving average of $6.03 and a 200-day simple moving average of $6.55.

Societe Generale Limited Company (OTCMKTS: SCGLYGet a rating) last released its quarterly earnings data on Thursday, February 10. The financial services provider reported earnings per share of $0.35 for the quarter, beating Thomson Reuters consensus estimate of $0.24 by $0.11. Societe Generale Société anonyme posted a net margin of 21.83% and a return on equity of 6.69%. The company posted revenue of $7.83 billion for the quarter, versus $7 billion expected by analysts. On average, equity research analysts expect Société Générale Société anonyme to post EPS of 0.66 for the current financial year.

About Societe Generale Société anonyme (Get a rating)

Societe Generale SA provides banking and financial services. It operates through the following business segments: French Retail Banking, International Retail Banking and Financial Services and Global Banking and Investor Solutions. The Retail Banking in France segment includes the Societe Generale, Crédit du Nord and Boursorama domestic networks.

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