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Analysts are bullish on Société Générale, saying it still has 22% upside potential
Among Europe’s best-performing sectors over the past year, Société Générale has consistently led the way. And according to an analysis by Redburn, a subsidiary of Rothschild, the rally is far from over. Analyst James Invine noted that the French bank’s focus on investment banking means it will benefit from the EU’s “Savings and Investment Union.” Invine assigned the stock an initial “Buy” rating and set the highest price target among all brokers tracked by Bloomberg. The initiative aims to encourage citizens and businesses to invest in capital markets. Over the past 12 months, Société Générale’s share price has soared 159%, outperforming all other members of the Stoxx 600 Banks index, which rose 67% over the same period.
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