Société Générale: sale of SGEF welcomed by UBS

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Societe Generale shares, along with its E27.
6 target price, which represents 10% upside potential, welcoming the announcement of the sale of its professional equipment financing business (SGEF).

The broker considers the disposal of this business (1.7% of 2023 sales) to be positive, with an accretive effect of 25bp on CET1 expected in Q1 2025, and sees it as one of the many steps necessary for a revaluation.


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