(Boursier.com) — The title Societe Generale camped below 25 euros this Friday on the Paris stock exchange, while the broker Intesa Sanpaolo returned to ‘purchase’ on the Banque de la Défense, targeting a price of 30.8 euros. AlphaValue is also a buy with a price target of 36.40 euros, while BNP Paribas Exane remains ‘neutral’ on the establishment with a target adjusted to 28 euros. Among other brokers’ opinions, Goldman Sachs is selling SG after the recent rebound in value, targeting a price of 25 euros, while the title has recovered more than 20% in the space of two months. ..
Operators have indeed welcomed the proposed sale of professional equipment financing activities operated by Société Générale Equipment Finance (SGEF) to Groupe BPCE. This transaction, which will be carried out at a price of 1.1 billion euros, will have a positive impact estimated at around 25 basis points on the Group’s CET1 ratio on the expected finalization date in the first quarter of 2025. It will mark an important milestone in the execution of Société Générale’s strategic roadmap, presented in September 2023, aimed at shaping a simplified, more synergistic and efficient model, while strengthening the bank’s capital…
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