Société Générale Société anonyme (OTCMKTS:SCGLY) Price Target Lowered to €39.90 at Barclays

Société Générale Société anonyme (OTCMKTS:SCGLYGet Rating) had its price objective reduced by Barclays from €41.20 ($44.78) to €39.90 ($43.37) in a report issued on Thursday morning, The Fly reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research firms have also recently commented on SCGLY. Credit Suisse Group lifted their price objective on Société Générale Société anonyme from €36.00 ($39.13) to €38.00 ($41.30) and gave the stock an outperform rating in a research report on Tuesday, April 12th. Royal Bank of Canada raised their target price on shares of Société Générale Société anonyme from €25.00 ($27.17) to €29.00 ($31.52) in a research report on Tuesday, April 12th. JPMorgan Chase & Co. dropped their price target on shares of Société Générale Société anonyme from €32.00 ($34.78) to €29.00 ($31.52) and set an overweight rating for the company in a research report on Monday, April 11th. Morgan Stanley decreased their price target on shares of Société Générale Société anonyme from €43.00 ($46.74) to €34.00 ($36.96) in a report on Thursday, March 24th. Finally, Jefferies Financial Group lowered shares of Société Générale Société anonyme from a buy rating to a hold rating and decreased their price target for the company from $31.00 to $25.00 in a report on Friday, April 8th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $30.24.

OTCMKTS:SCGLY opened at $4.91 on Thursday. The company has a market capitalization of $20.55 billion, a PE ratio of 3.36 and a beta of 1.55. Société Générale Société anonyme has a 52-week low of $4.24 and a 52-week high of $8.51. The stock has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $6.51.

Société Générale Société anonyme (OTCMKTS:SCGLYGet Rating) last released its quarterly earnings results on Thursday, February 10th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7 billion. Société Générale Société anonyme had a return on equity of 6.69% and a net margin of 21.83%. On average, equities analysts forecast that Société Générale Société anonyme will post 0.62 EPS for the current year.

Société Générale Société anonyme Company Profile (Get Rating)

Société Générale Société anonyme provides financial services to individual, business, and institutional investors in Europe and internationally. It offers retail banking services under the Societe Generale, Credit du Nord, and Boursorama brand names; and insurance, investor, and other financial services.

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