Kepler cuts target for Societe Generale stock to EUR 72.60

Published on 10/12/2026 at 09:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income reached EUR 3.5 billion in the first half, up 13.90 percent. Societe Generale stock costs EUR 64.06 versus EUR 63.04 on October 12, 2026.

Key points in brief

Kepler Cheuvreux cut its Societe Generale price target from EUR 85.00 to EUR 72.60 on October 6, 2026 while keeping a Buy rating.
First-half 2026 net income reached EUR 3.5 billion, up 13.90 percent year over year, with ROTE at 12.00 percent.
Societe Generale stock was trading at EUR 64.06 at Lang & Schwarz on October 12, 2026, up 1.62 percent versus the Xetra close of EUR 63.04 on October 9, 2026.
The next earnings date is October 29, 2026.

Moderne Bankfiliaden-Fassade bei Nacht, gläsernes Hochhaus, Finanzdistrikt Paris — Fotorealistisches Bild der Société Générale S.A. (FR0000130809) zeigt moderne Bankfiliale mit gläsernen Fassaden am Abend, Illustration mit AI erstellt.

Societe Generale (ISIN FR0000130809) was trading at EUR 64.06 at Lang & Schwarz on October 12, 2026 at 9:20 a.m. CEST, up 1.62 percent versus the Xetra close of EUR 63.04 on October 9, 2026. According to Ideal Investor on October 6, 2026, Kepler Cheuvreux cut its price target from EUR 85.00 to EUR 72.60 while maintaining a Buy rating. The target cut is the clearest current analyst counterweight to the bank's strong first-half earnings.

Three dated signals shape the stock

On July 30, 2026, Societe Generale reported record net income attributable to the Group of EUR 3.5 billion for the first half of 2026, up 13.90 percent from the first half of 2025, with return on tangible equity at 12.00 percent, according to Ideal Investor. On August 10, 2026, the bank announced an exceptional EUR 1.5 billion share buyback, the same source reported.

The latest event in the chronology came on October 6, 2026, when Kepler Cheuvreux lowered its target to EUR 72.60 from EUR 85.00. The sequence leaves investors balancing a 13.90 percent earnings increase against a lower valuation reference from an analyst house.

What does the target cut imply?

At EUR 64.06, the Kepler target of EUR 72.60 lies 13.33 percent above the Lang & Schwarz price, calculated in the same currency. The new target is also 14.59 percent below the former EUR 85.00 target, making the revision a material change in the valuation frame rather than a simple rating adjustment.

The earnings picture is stronger than the target revision suggests. First-half net income rose 13.90 percent, while the bank's reported return on tangible equity reached 12.00 percent; the same report also cited a 6.60 percent increase in cost of risk to EUR 745.0 million, a concrete counter-factor for credit-sensitive investors.

Next date is October 29

Societe Generale's next earnings report is scheduled for October 29, 2026, according to Investing.com. That date will put the bank's first-half profitability, cost of risk and capital-return plans back against the revised analyst target.

Stock sits 24.48 percent below high

Societe Generale stock was trading at EUR 64.06 at Lang & Schwarz on October 12, 2026 at 9:20 a.m. CEST, up EUR 1.02 or 1.62 percent versus the Xetra close of EUR 63.04 on October 9, 2026. The price was 24.48 percent below the 52-week high of EUR 84.82, while the market capitalization was EUR 47.0 billion as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Societe Generale stock.