RBC Capital Reaffirms Their Hold Rating on Societe Generale (0J6Y)
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks, Reingen is a 5-star analyst with an average return of 20.0% and a 71.26% success rate. Reingen covers the Financial sector, focusing on stocks such as UBS Group AG, Deutsche Bank AG, and Julius Baer Group Ltd.
In addition to RBC Capital, Societe Generale also received a Hold from UBS's Jason Napier in a report issued on August 1. However, on August 6, J.P. Morgan maintained a Buy rating on Societe Generale (LSE: 0J6Y).
Based on Societe Generale's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €15.34 billion and a net profit of €1.45 billion. In comparison, last year the company earned a revenue of €14.36 billion and had a net profit of €1.11 billion
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
Tesla Stock (TSLA) Motors as Musk Launches Chinese Rescue Mission With New Model Y
Elon Musk is ready to take the fight once more to China with the launch of Tesla's (TSLA) new Model Y L car. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The EV maker, which has spluttered in the ever-competitive Chinese market this year, promised that the new vehicle was 'coming soon,' according to a report on Reuters. Tesla shares rose 0.6%. Best Seller The declaration was said to have been made on Chinese social media platform Weibo (WB) today. Tesla also shared a video of the new model, which is a six-seat version of its best-selling Model Y. Tesla, led by chief executive Musk, is hoping that the car will help refresh its line-up and help beat off rivals such as Chinese EV maker Xiaomi (XIACF) and its electric YU7 SUV. It was launched to much excitement in June. So much so that Xiaomi said it received 200,000 orders in just three minutes after launch. It is priced at around $35,000, making it 4% cheaper than Tesla's rival Model Y in China. It also boasts a top range of 835 km, leaving the Model Y with its 719 km reach way behind in its rear-view mirrors. It can also accelerate from zero to 62mph in just 3.23 seconds. China Crisis This focus on performance and price has hit Tesla hard in China. It registered an 8.4% fall in July sales of its China-made electric vehicles to 67,886 units. This marked the sixth month out of seven this year where Tesla's Shanghai shipments have seen a decline, reflecting the mounting pressure Tesla faces in the world's largest EV market. This is important given that a fifth of total Tesla revenue comes from China. It's not only the price war which has knocked Tesla off course in China and elsewhere around the globe this year. Musk's involvement with the Trump administration and his flirtation with right-wing politics has also knocked the company's brand reputation. Tesla hopes the new Model Y will help spark a renaissance. In addition, a longer-range, rear-wheel drive Model 3 is also reportedly coming to the Chinese market. Is TSLA a Good Stock to Buy Now? On TipRanks, TSLA has a Hold consensus based on 14 Buy, 15 Hold and 8 Sell ratings. Its highest price target is $500. TSLA stock's consensus price target is $307.23, implying a 7.70% downside.
Yahoo
2 hours ago
- Yahoo
Why Is Sunrun (RUN) Stock Rocketing Higher Today
What Happened? Shares of residential solar energy company Sunrun (NASDAQ:RUN) jumped 10.4% in the afternoon session after RBC Capital upgraded the stock to 'Outperform' from 'Sector Perform,' citing greater certainty around federal solar tax credits. RBC Capital raised its price target on the residential solar company to $16 from $12, attributing the move to increased certainty about long-term growth opportunities. The upgrade follows recently clarified U.S. Treasury guidance on the Investment Tax Credit (ITC), which the firm believes de-risks Sunrun's future. This is the latest in a series of bullish calls from Wall Street, with Wells Fargo, UBS, and JP Morgan also recently increasing their price targets. The positive sentiment is underpinned by Sunrun's strong second-quarter earnings report from early August, where the company shattered expectations by posting a surprise profit of $1.07 per share, decisively beating the consensus estimate for a loss. Is now the time to buy Sunrun? Access our full analysis report here, it's free. What Is The Market Telling Us Sunrun's shares are extremely volatile and have had 78 moves greater than 5% over the last year. But moves this big are rare even for Sunrun and indicate this news significantly impacted the market's perception of the business. The previous big move we wrote about was 4 days ago when the stock dropped 4.6% on the news that an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials. Sunrun is up 47.6% since the beginning of the year, but at $15.07 per share, it is still trading 29.9% below its 52-week high of $21.50 from August 2024. Investors who bought $1,000 worth of Sunrun's shares 5 years ago would now be looking at an investment worth $325.39. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Sign in to access your portfolio
Business Insider
3 hours ago
- Business Insider
Morning Movers: Dayforce surges after potential Thoma Bravo acquisition reports
Stock futures are drifting lower this morning as investors lean into a busy week headlined by Jackson Hole central bank speeches and earnings from major retailers. Small caps are showing outperformance, suggesting rotation after recent megacap strength, particularly in tech. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Geopolitical developments are adding weight as markets are monitoring the potential implications of President Trump's meeting with Ukrainian President Zelensky and European leaders as Washington seeks support for a Ukraine–Russia peace initiative. In pre-market trading, S&P 500 futures fell 0.09%, Nasdaq futures fell 0.14% and Dow futures are flat. Check out this morning's top movers from around Wall Street, compiled by The Fly, and subscribe to the Fly By if you want to know how the markets will open, which stocks will be moving and why. HIGHER – Dayforce (DAY) up 25% after Bloomberg reported Thoma Bravo is in talks to acquire the company Soho House (SHCO) up 16% after entering into definitive agreements pursuant to which an investor group led by MCR and its chairman and CEO Tyler Morse will acquire the outstanding shares not held by certain significant shareholders TeraWulf (WULF) up 11% after reporting Google (GOOGL) will provide an incremental backstop of $1.4B in support of project-related debt financing and will receive warrants to acquire shares of TeraWulf common stock Tonix Pharmaceuticals (TNXP) up 4% after announcing that the FDA approved Tonmya for the treatment of fibromyalgia in adults Novo Nordisk (NVO) up 4% after announcing that the FDA has approved an additional indication for Wegovy based on a supplemental New Drug Application for treatment of noncirrhotic metabolic dysfunction-associated steatohepatitis in adults with moderate to advanced liver fibrosis DOWN AFTER EARNINGS – Riskified (RSKD) down 13% LOWER – Strategy (MSTR) and Coinbase (COIN) both down 1% after bitcoin dipped as heightened macro concerns triggered more than $500M in forced selling of long positions. Tesla (TSLA) down 1% after The Times reported British motorists can lease a Tesla EV for about half the cost it was a year ago as the company attempts to boost its faltering sales in the UK
