J P Morgan Chase & Co Reaffirms Buy Rating for Societe Generale (EPA:GLE)

Societe Generale (EPA:GLE)‘s stock had its “buy” rating reiterated by investment analysts at J P Morgan Chase & Co in a research note issued on Monday, November 20th.

A number of other brokerages have also commented on GLE. Berenberg Bank set a €22.00 ($26.19) price target on Societe Generale and gave the stock a “sell” rating in a report on Friday, November 17th. Macquarie set a €39.00 ($46.43) target price on Societe Generale and gave the company a “sell” rating in a research note on Wednesday, November 15th. Jefferies Group set a €60.40 ($71.90) target price on Societe Generale and gave the company a “buy” rating in a research note on Wednesday, November 15th. Goldman Sachs Group set a €49.00 ($58.33) price target on Societe Generale and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Finally, Deutsche Bank set a €51.00 ($60.71) price target on Societe Generale and gave the company a “neutral” rating in a research report on Monday, November 6th. Three equities 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’s stock. Societe Generale presently has an average rating of “Hold” and a consensus target price of €49.04 ($58.39).

Shares of Societe Generale (EPA GLE) traded down €0.22 ($0.26) during mid-day trading on Monday, hitting €42.73 ($50.87). The company had a trading volume of 3,480,000 shares, compared to its average volume of 4,170,000. Societe Generale has a one year low of €39.50 ($47.02) 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.

Analyst Recommendations for Societe Generale (EPA:GLE)

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