Société Générale stock leads CAC 40 after two target price upgrades
Société Générale is posting the strongest performance on the Paris index mid-morning, following two upward revisions of price targets published following the presentation of the 2029 strategic plan. The stock is gaining ground while the CAC 40 remains nearly stable, in a calm market with the VIX falling back to 14.14.
Two brokerage firms raise their targets following the 2029 strategic plan
JP Morgan and RBC Capital have both raised their price targets on Société Générale in the last 24 hours. JP Morgan, which maintains its rating at "market perform", has raised its target from €81 to €83, while RBC Capital has raised its target from €84 to €88, with a "sector perform" rating. According to the analyst consensus tracked, the stock is trading at approximately 9.3 times expected earnings for the current fiscal year and 8.1 times for the following fiscal year, with an anticipated earnings per share growth of nearly 14% from one fiscal year to the next.
These revisions follow the presentation of the strategic plan through 2029, approved on September 18 by the board of directors, centered on cost control and selective growth. Upon the publication of H1 2026 results (July 30, 2026), the bank announced net income attributable to the group of 3.5 billion euros, up 13.9%, and raised its 2026 ROCE target to approximately 11%.
Stock price at the 20-day moving average level, supported by an advanced buyback program
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
At €73.43, the stock advanced 1.72% during the session, near its 20-day moving average which stands at €73.50. This minimal spread of 0.10% signals a pivot configuration: the stock finds itself exactly at this threshold after several weeks of selling pressure that had brought it down to €71 in early September. It remains significantly below its 50-day moving average at €77.02, a gap of 4.66%, which maintains medium-term momentum under pressure. The RSI at 41 remains neutral, showing neither oversold nor overbought conditions, particularly as the MACD displays a slightly positive histogram (0.23), a first sign of slight relief after the previous weeks' correction.
Over one year, the stock shows a gain of 28%, but has fallen nearly 7% over three months, reflecting the summer correction. The €1.5 billion share buyback program announced in August, executed at approximately 78% as of September 21, constitutes additional support for the stock price. The next level to monitor is the 20-day moving average close, which would open the way to the support turned resistance at €83.62.
« Revenus du Groupe de 21,4 Md EUR sur 9M-26, en hausse de +4,1% vs. 9M-25, en bonne voie pour dépasser la cible 2026 >+2% » ; « ROTE de 12,3% sur 9M-26, en bonne voie pour dépasser la cible 2026 à ~11% » ; « Coût du risque de 27 pb sur 9M-26, dans la fourchette cible de 25 à 30 pb pour 2026 »
Risks mentioned
Perspectives négatives de Moody's sur la notation long terme (dette senior préférée) « A1 »
Baisse du résultat des ventes de voitures d'occasion (-12,2% revenus Ayvens vs T3-25)
Baisse des revenus Taux Crédit et Change (-20,6% vs T3-25) sous l'effet d'une baisse d'activité sur les taux
Opportunities identified
BoursoBank atteint 9,4 millions clients avec une contribution annuelle attendue supérieure à 300 M€
Forte dynamique des Actions +45,9% au T3-26 atteignant un record de plus de 1,2 Md€
Global Banking & Advisory maintient une solide dynamique de croissance portée par les financements structurés
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
