Societe Generale SA (GLE) Receives Consensus Rating of “Hold” from Brokerages

Shares of Societe Generale SA (EPA:GLE) have earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is €49.04 ($58.39).

GLE has been the subject of a number of research reports. UBS set a €54.00 ($64.29) price objective on shares of Societe Generale and gave the stock a “buy” rating in a report on Thursday, October 19th. Goldman Sachs Group set a €49.00 ($58.33) price target on shares of Societe Generale and gave the company a “neutral” rating in a report on Wednesday, November 15th. Kepler Capital Markets set a €52.77 ($62.82) price target on shares of Societe Generale and gave the company a “neutral” rating in a report on Monday, November 6th. J P Morgan Chase & Co reissued a “buy” rating on shares of Societe Generale in a report on Monday, November 20th. Finally, Royal Bank Of Canada set a €46.00 ($54.76) price target on shares of Societe Generale and gave the company a “neutral” rating in a report on Friday, November 24th.

Shares of Societe Generale (EPA:GLE) traded up €0.53 ($0.63) during mid-day trading on Thursday, hitting €42.95 ($51.13). The company had a trading volume of 4,150,000 shares, compared to its average volume of 4,260,000. Societe Generale has a one year low of €40.65 ($48.39) and a one 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.

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