According to Zacks, “SOCIETE GENL FR Group is the sixth largest bank in the euro zone. Its business mix is structured around three core businesses: Retail Banking, Asset Management and Private Banking, Corporate and Investment Banking. The Group is implementing a sustainable growth policy based on the selective development of its products and services, a client-focused culture of innovation in its different markets, and sustained organic growth coupled with acquisitions. “
A number of other brokerages also recently weighed in on SCGLY. Citigroup upgraded Societe Generale from a “neutral” rating to a “buy” rating in a report on Friday, August 2nd. BNP Paribas reiterated a “buy” rating on shares of Societe Generale in a report on Thursday, July 11th. JPMorgan Chase & Co. upgraded Societe Generale from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 17th. ValuEngine upgraded Societe Generale from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, UBS Group downgraded Societe Generale from a “buy” rating to a “neutral” rating in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.50.
About Societe Generale
Société Générale Société anonyme provides financial services in Europe and internationally. Its primary businesses include French retail banking; international retail banking, insurance, and financial services; and global banking and investor solutions. The company offers retail banking services to individual customers, professionals, and businesses and non-profit clients under the Societe Generale, Crédit du Nord, and Boursorama Banque brands; and international retail banking and consumer credit services to individual and corporate customers in Europe, Russia, the Mediterranean Basin, and Sub-Saharan Africa.
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