Société Générale shares among the best performers in the CAC 40, up 8% in one week
The La Défense-based bank accelerates in mid-afternoon, in a well-oriented CAC 40. A price target revision published today and a slightly less strained French rate environment surround this move.
A rebound that brings the share price back above its 20-day moving average
The Société Générale share gains 2.2% to €65.83 and is up 7.9% over the week, while the CAC 40 rises 1%. This gain is strong enough for the share price to move back above its 20-day moving average (MM20), at €62.71, with a gap of nearly 5%. It nevertheless remains below the 50-day moving average (MM50, €67.56) and the 200-day moving average (MM200, €71.32), a sign that the three-month decline of 21.6% has not yet been erased.
The RSI at 56 is neutral: the stock is leaving its weakness zone without entering overbought territory. The French 10-year OAT yield has fallen back to 4.79% according to the Banque de France, 34 basis points below its October 22 peak, which eases pressure somewhat on French bank stocks.
Goldman Sachs raises its target to €82.50 and issues a neutral rating
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Goldman Sachs raised its price target today from €80.75 to €82.50, with a neutral analyst rating. This target implies upside of about 25% relative to the current share price.
The group had published its nine-month results on October 29, with net income attributable to shareholders of €5.4 billion, up 17.3%, and a ROTE of 12.3%.
On revenues of €21.4 billion, it said it was on track to exceed its 2026 target by more than 2%. Among the risks cited at the time of this publication was Moody's negative outlook on its long-term rating.
According to the consensus of the analysts tracked, the stock trades at about 8.1 times earnings for the current financial year. The level to watch remains the MM50, at €67.56, above the current price.
« 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.
