Zacks: Societe Generale SA (SCGLY) Receives Average Rating of “Strong Buy” from Brokerages

Societe Generale SA (NASDAQ:SCGLY) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Societe Generale SA’s rating score has improved by 40.1% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $8.33 for the company, according to Zacks. Zacks has also assigned Societe Generale SA an industry rank of 66 out of 265 based on the ratings given to related companies.

A number of research firms recently commented on SCGLY. Zacks Investment Research cut shares of Societe Generale SA from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th. Credit Suisse Group AG began coverage on shares of Societe Generale SA in a report on Friday, September 16th. They issued a “neutral” rating and a $35.00 price target on the stock.

Shares of Societe Generale SA (NASDAQ:SCGLY) opened at 7.55 on Friday. Societe Generale SA has a 1-year low of $5.69 and a 1-year high of $9.90. The company has a market capitalization of $30.17 billion and a PE ratio of 7.27. The firm’s 50-day moving average price is $7.21 and its 200 day moving average price is $7.24.

Societe Generale SA Company Profile

Societe Generale SA is a financial services company. The Company is engaged in retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. The Company’s core businesses are managed through three segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking and Investor Solutions.

5 Day Chart for NASDAQ:SCGLY

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