Société Générale: Jefferies still a buyer
(CercleFinance.com) - Jefferies reinstates its 'buy' recommendation on shares of the French bank Société Générale, along with a target price of 38 euros, in particular noting that its "Capital return is attractive", with its "valuation cheap".
"Although SocGen shares have more than doubled over the past year, we still see >40% upside and expect Q3 results (due on 4 November) to be the next catalyst," the broker said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Although SocGen shares have more than doubled over the past year, we still see >40% upside and expect Q3 results (due on 4 November) to be the next catalyst," the broker said.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.