Société Générale stock rebounds following its 2029 strategic plan
The bank rebounded sharply on Monday, driven by the presentation of its strategic plan through 2029 and an initial analyst position in the wake of the event. The upturn occurs in a generally positive Paris market, while the interest rate environment remains volatile on a global scale.
A 2029 strategic plan and a first analyst view reignite the stock after weeks of pressure
Société Générale gains 2.88% to €74.68 during the session, after closing the previous session on Friday at €72.59. The movement coincides with the publication this morning of the strategic plan through 2029, structured around cost control, selective growth and risk management, approved by the board of directors convened under the presidency of William Connelly on September 18, 2026. Following this presentation, CIC Market Solutions published today an analyst view at "hold" with a price target of €77.00, representing an upside potential of approximately 3% compared to the current price.
This context breathes new life into a stock that had lost 2.25% over one month and 3.85% over three months, following a correction phase marked since the beginning of September. The bank published solid half-year results in July, with a Group net income of €3.5 billion in H1 2026, up 13.9%, and a ROTE of 12%, figures reiterated upon publication on July 30, 2026. The €1.5 billion share buyback program announced on August 10, 2026 was executed at approximately 56% as of September 11, providing structural support to the price.
Technical configuration improves but the 50-day moving average remains an obstacle at €77.07
From a market perspective, the stock clearly moves back above its 20-day moving average at €73.78, with a positive gap of 1.22%, confirming that selling pressure from recent weeks is easing. The 200-day moving average at €71.80 is also exceeded by 4%, offering technical support that no longer existed at the beginning of August. However, the price remains below the 50-day moving average at €77.07, with a negative gap of 3.10%, representing the main obstacle to monitor in the stock's progression. The RSI at 40 remains in neutral territory, without overbought signals, which leaves room before any potential technical resistance.
The CAC 40 gains 0.87% during the session in a low volatility environment (VIX at 14.94), a context that accompanies the rebound without constraining it. Furthermore, the historical correlation of the stock with credit rates in the eurozone deserves to be kept in mind: the bank is historically sensitive to household loan rates, with the 3-month Euribor standing at 2.51%, up 0.48 points over twelve months. The 50-day moving average at €77.07 thus represents the next concrete technical reference point to assess the extent of the ongoing rebound.
