Crédit Agricole (OTCMKTS:CRARY) Price Target Cut to €12.00 by Analysts at JPMorgan Chase & Co.

Crédit Agricole (OTCMKTS:CRARY – Get Rating) had its price objective cut by stock analysts at JPMorgan Chase & Co. from €12.50 ($13.74) to €12.00 ($13.19) in a research note issued on Monday, The Fly reports.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research note on Thursday, February 24th. HSBC downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research note on Wednesday, March 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Crédit Agricole from €16.00 ($17.58) to €17.00 ($18.68) in a research note on Friday, January 21st. Finally, UBS Group reduced their price target on shares of Crédit Agricole from €14.70 ($16.15) to €13.40 ($14.73) in a research note on Tuesday, March 29th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.01.

Shares of CRARY traded down $0.08 during midday trading on Monday, reaching $5.31. 187,400 shares of the stock were exchanged, compared to its average volume of 182,684. Crédit Agricole has a twelve month low of $5.10 and a twelve month high of $8.16. The company has a market cap of $32.14 billion, a P/E ratio of 5.01 and a beta of 1.85. The stock’s 50 day simple moving average is $6.44 and its 200 day simple moving average is $6.95.

Crédit Agricole (OTCMKTS:CRARY – Get Rating) last posted its earnings results on Thursday, February 10th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.05. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.26 billion. Crédit Agricole had a return on equity of 7.03% and a net margin of 25.81%. Research analysts expect that Crédit Agricole will post 0.72 EPS for the current year.

About Crédit Agricole (Get Rating)

Cr̩dit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through Asset Gathering; Large Customers; Specialised Financial Services; French Retail Banking РLCL; and International Retail Banking. The company offers banking products and services, including savings and current accounts and deposits, finance, payments, and flow management services; consumer finance products; and banking and specialized financial services.

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