Société Générale Advances 1.1% on Thursday, Supported by Target Revisions from Jefferies and JP Morgan
Société Générale's stock rises 1.1% this Thursday, January 15, to 71.48 euros, bolstered by target increases from Jefferies to 96 euros and from JP Morgan to 77 euros. Breaking the resistance at 70.70 euros paves the way for further gains, as the share buyback program reaches 80.9% of its target.
Positive Momentum Following Investment Banks' Target Revisions
Société Générale's stock progresses by 1.1% this Thursday, January 15, 2026, settling at 71.48 euros, continuing its upward trend from the previous day. This increase follows the target price revisions announced on Wednesday by two major investment banks. Jefferies confirmed its buy rating and raised its target from 70 euros to 96 euros, while JP Morgan increased its target from 68 to 77 euros, reiterating its overweight recommendation. The stock thus surpasses the resistance level at 70.70 euros, a key technical threshold that now opens the way for continued upward movement. The Relative Strength Index (RSI) stands at 65, a neutral zone indicating sustained bullish momentum without speculative excess. The stock is significantly above its 50-day moving average of 62.73 euros, confirming the strength of the medium-term bullish trend. With an annual performance reaching 156.5% and a rise of 29.92% over three months, Société Générale stands out as one of the most successful stocks on the Paris market.
Jefferies Optimistic About Société Générale's Future Earnings
Jefferies is much more optimistic than the consensus regarding Société Générale's results, anticipating earnings per share of 6.62 euros for 2025 and 9.58 euros in 2027. The research firm expects a return on tangible equity (ROTE) of 13.7% by 2028, a level significantly above market consensus. The analyst expects the cost-income ratio to decrease from 64% in 2025 to 56% in 2028, indicating a structural improvement in the group's operational efficiency. The stock also benefits from the support of its one billion euro share buyback program launched in November 2025. As of January 9, 2026, the group has repurchased 1.7% of its capital, thus achieving 80.9% of the announced target. Investors have a short-term catalyst with the upcoming publication of the 2025 annual results on February 6, which will confirm the group's recovery trajectory and assess the achievement of management's goals.
