Accueil > Actualité
Actualite financiere : Actualite bourse

Société Générale: AlphaValue upgrades stock

( - On Wednesday AlphaValue upgraded Société Générale shares to "buy" (from "hold"), maintaining its target price for them at 37.
1 euros.

In a report, the independent broker explains that it has significantly raised its EPS estimates for the banking group for 2022, largely due to the decline in its cost of risk.

Analysts also highlight extraordinary charges that are less than expected, now that the loss from the sale of Russian bank Rosbank has been disclosed.

AlphaValue also said that it has increased its net banking income forecast for this year, due to its strong capital markets business, solid advisory and financing fees and a better net interest margin.

However, analysts said they have reduced their EPS estimates for 2023 by 13% in anticipation of more challenging economic conditions.

Copyright (c) 2022 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.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.