Société Générale's Stock Rises Over 2% and Challenges Its Resistance at €71.90
Société Générale's stock stands out markedly at mid-session, as the Parisian market trends upwards. The bank benefits from a raised target price by an American broker, who praises the institution's momentum following a spectacular year-long rally.
Citi Raises Target to €90, Leading the Bank to Top the CAC 40
Société Générale's stock is up 2.54% at €71.57 midday, leading the CAC 40, which is up by 0.9%. The stock benefits from a boost by Citi, which has raised its target price from €84 to €90 while maintaining its buy recommendation.
The new target offers a potential of about 26% relative to the current price.
This increase comes as the bank has already shown a performance increase of more than 45% over the past year. Over three months, the gain exceeds 7.5%, indicating a momentum that continues despite some technical pauses.
According to the consensus of surveyed analysts, the stock is priced at about 9.3 times the earnings expected for the current fiscal year.
The stock is also supported by a favorable macroeconomic environment for the French banking sector, with a 3-month Euribor at 2.23% in May (+0.24 point over a year) and a 2.6% increase in corporate loan balances over twelve months.
The Stock Remains Below the €71.90 Resistance but Moves Above All Its Moving Averages
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From a technical standpoint, the session marks a new attempt to break through a technical barrier that has been monitored for several sessions. The price has so far struggled at the €71.90 resistance, which was already tested at the beginning of June without success.
The stock has clearly moved above its MM20 (€69.26) and MM50 (€68.97), with a gap of more than 11% relative to the MM200 (€64.19), confirming the underlying bullish orientation.
The RSI at 52 remains neutral, which leaves room before reaching an overbought zone. The MACD has moved into positive territory, with a histogram at 0.16.
The recent announcement of the early repayment of a convertible bond on July 6 complements a busy bond schedule for the institution.
The next reference point for traders: whether or not the €71.90 level holds at the close, which would technically validate a breakout from the consolidation zone of the last few weeks.
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.
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.
