Analysts have been eager to weigh in on the Financial sector with new ratings on Deutsche Bank AG (DB) and Societe Generale (SCGLY).
Deutsche Bank AG (DB)
Goldman Sachs analyst Jernej Omahen maintained a Hold rating on Deutsche Bank AG yesterday and set a price target of $8.40. The company’s shares opened today at $6.93, close to its 52-week low of $6.61.
According to TipRanks.com, Omahen is ranked #1891 out of 5201 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $7.60 average price target, representing a 9.7% upside. In a report issued on June 12, Independent Research also upgraded the stock to Hold with a $6.25 price target.
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Societe Generale (SCGLY)
In a report released yesterday, Lorraine Quoirez from UBS maintained a Buy rating on Societe Generale. The company’s shares opened today at $4.74, close to its 52-week low of $4.68.
According to TipRanks.com, Quoirez is ranked #4772 out of 5201 analysts.
Currently, the analyst consensus on Societe Generale is a Moderate Sell with an average price target of $33.68.
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