Societe Generale's Stock Rebounds Nearly 2% and Approaches Resistance at €71.90
After a significant decline the previous day, Societe Generale's stock is on the rise at mid-session and is among the leaders of the CAC 40. The bank benefits from a more favorable market environment in Paris and a recent target price upgrade by an American broker.
The Stock Moves Above Its Moving Averages and Approaches the €71.90 Resistance
Societe Generale's stock is up 1.75% at €69.96 during the session, after closing at €68.76 the previous day. The stock thus recovers from a 2.25% drop on Wednesday and moves above its 20 and 50-day moving averages (€69.56 and €69.24), a short-term signal that restores the technical configuration. The price is also well above the 200-day moving average at €64.34, with a nearly 9% gap that illustrates the strength of the underlying trend. The RSI at 49 remains neutral, without excess in either direction, while the identified resistance at €71.90 is approached again. The rebound unfolds in a CAC 40 up by 0.81%, despite a sharply rising VIX (+9.46%) amid tensions in the Middle East.
Citi Raises Its Target to €90 and Supports a Nearly 47% Stock Performance Over One Year
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Citi has raised its price target from €84 to €90 on June 9, while reaffirming its buy recommendation, representing a potential upside of more than 28% from the current price. This revision comes as the stock already shows a gain of 46.94% over twelve months and continues a positive momentum (+2.28% over three months), earlier boosted this week by an investment of €100 million in Ardian's Averrhoa NBS fund. According to the consensus of analysts surveyed, the stock is trading at about 9.1 times the earnings expected for the current fiscal year and 7.8 times those of 2027. The bank operates in an environment of now more stable interest rates, with a 3M Euribor around 2.23% and solid solvency ratios in the French sector (aggregated CET1 at 15.57% at the end of 2024). The €71.90 resistance, already tested last Friday, remains the technical threshold to watch for the continuation of the rebound.
En 2025, nous avons franchi une étape déterminante dans la transformation de notre Groupe, avec des revenus et un résultat net records et une distribution exceptionnelle d’actions.
Revenus 2025 à 27 254 millions d'euros, résultat net part du Groupe 6 002 millions d'euros; ROTE 10,2%; coefficient d’exploitation 63,6%; coût du risque 26 pb; distribution 4 679 millions d’euros; CET1 13,5%; dividende par action 1,61 EUR; programme de rachats d'actions de 1 462 millions d'euros; objectif 2026: croissance des revenus >2%, coût du risque 25-30 pb, coefficient d’exploitation <60%.
Outlook / guidance
Expected revenue: Croissance des revenus attendue en 2026 supérieure à 2% par rapport à 2025.
Expected EBITDA: EBITDA attendu en 2026 en progression par rapport à 2025, sans chiffre cible communiqué.
Expected net income: Résultat net attendu en 2026 avec une ROtE supérieure à 10%.
Management commentary: La direction confirme ses objectifs pour 2026 et vise une rentabilité accrue et une meilleure maîtrise des coûts.
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