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Societe Generale (SCGLY) Gets a Buy from J.P. Morgan

August 7, 2022

J.P. Morgan analyst Delphine Lee maintained a Buy rating on Societe Generale (SCGLY – Research Report) on August 3 and set a price target of EUR35.00. The company’s shares closed last Friday at $4.62.

According to TipRanks, Lee is a 4-star analyst with an average return of 11.9% and a 49.43% success rate.

Societe Generale has an analyst consensus of Moderate Buy, with a price target consensus of $35.63.

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The company has a one-year high of $8.44 and a one-year low of $3.83. Currently, Societe Generale has an average volume of 275.5K.

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Société Générale SA provides banking and financial services. It operates through the following segments: French Retail Banking, International Retail Banking & Financial Services, and Global Banking & Investor Solutions. The French Retail Banking segment includes the domestic networks Societe Generale, Crédit du Nord and Boursorama. The International Retail Banking & Financial Services segment consists of international retail banking including consumer finance activities; financial services to corporate; and insurance activities. The Global Banking and Investor Solutions segment comprises of global markets and investor services; financing and advisory; asset and wealth management. The company was founded on May 4, 1864 and is headquartered in Paris, France.

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Brian Anderson