RBC Capital Markets lowered its target price for Société Générale to 82 euros from 88 euros on Thursday, maintaining a “Sector Perform” rating on the stock. The adjustment reflects higher equity cost assumptions of 12.3% and updated long-term estimates through 2028, according to stock-world.de.
RBC raises equity cost assumption for Société Générale
RBC Capital Markets reduced its valuation benchmark for Société Générale based on revised financial metrics. The investment bank raised its equity cost assumption to 12.3% from the previous 11.5%, stock-world.de reported. Analysts incorporated updated long-term estimates for 2028 into the model. Société Générale shares rose 0.4% on Friday following the announcement.
Data Center Loan Divestment
Société Générale attempted to sell up to $300 million in loans tied to Stargate data center projects on Wednesday, 9fin reported. The portfolio involves two separate locations in the United States. Each site accounts for up to $150 million in debt offerings. The divestment efforts emerged through market informants cited by 9fin.
Private Infrastructure Fund Launch
Partners Group, Société Générale Assurances, and Société Générale Private Banking jointly introduced the Partners Group Infrastructures Privées fund on Tuesday. The vehicle provides private infrastructure investments as a unit-linked option within life insurance policies, stock-world.de noted.
Frequently Asked Questions
Why did RBC lower the share target?
RBC reduced the target price to 82 euros due to a higher equity cost assumption of 12.3% and revised long-term estimates extending to 2028.
What is the scale of the Stargate loan sale?
Société Générale sought to divest up to $300 million in loans connected to Stargate data center projects, split evenly across two U.S. locations at $150 million each.
Which institutions launched the infrastructure fund?
Partners Group, Société Générale Assurances, and Société Générale Private Banking launched the Partners Group Infrastructures Privées fund on Tuesday.
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