Societe Generale's Stock Soars 12% in a Week, Breaking Out of Bollinger Bands
This Friday, Societe Generale recorded a 1.4% increase to €71.88, bringing its weekly performance to nearly 12%. The French bank's stock is now trading above the upper boundary of its Bollinger Bands, a rarely crossed threshold that has caught the attention of observers. This trend coincides with a supportive environment for the CAC 40, which is up 0.49% during the session.
Goldman Sachs Raises Price Target on Societe Generale
Yesterday, American bank Goldman Sachs raised its price target on Societe Generale from €85.00 to €85.75, while maintaining a 'buy' recommendation. This adjustment represents a potential increase of about 19% from the current price of €71.88. This revision comes three weeks before the first quarter results are due on April 30, an event that could provide further insights. Over the past year, Societe Generale has shown a spectacular performance of 109.2%, while its three-month gain remains more modest at 3.28%. In the same sector, BNP Paribas advanced 1.63% this Friday, indicating a renewed interest in European banking stocks at the end of the week. The Societe Generale general meeting, scheduled for May 27, will be another important event for shareholders.
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From a technical standpoint, the price of €71.88 is above the upper Bollinger Band limit set at €70.32. This breakout, positioning the stock at 114% of the band, is a classic signal of potential overbuying, often a precursor to consolidation or a reversion to the mean. The price is also significantly above the 50-day moving average (€69.16) and the 200-day average (€60.59), confirming a bullish trend established over several months. The RSI, an indicator measuring the speed and magnitude of price movements, is at 59, still distant from the overheating zone typically identified beyond 70. This divergence between a price already out of the Bollinger Bands and a moderate RSI reflects a recent acceleration of the stock without excessive momentum. The nearest technical resistance is at €76.24, about 6% above the current level, which could be the next milestone if the momentum continues.
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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