Short Interest in Crédit Agricole S.A. (OTCMKTS:CRARY) Drops By 23.2%

Crédit Agricole S.A. (OTCMKTS:CRARYGet Rating) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 41,000 shares, a drop of 23.2% from the March 15th total of 53,400 shares. Based on an average trading volume of 495,700 shares, the short-interest ratio is presently 0.1 days.

Shares of Crédit Agricole stock traded down $0.05 during trading hours on Monday, reaching $5.34. The stock had a trading volume of 128,100 shares, compared to its average volume of 182,872. The firm has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $6.90. The firm has a market capitalization of $32.32 billion, a price-to-earnings ratio of 5.51 and a beta of 1.85. Crédit Agricole has a 1 year low of $5.10 and a 1 year high of $8.16.

Crédit Agricole (OTCMKTS:CRARYGet Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.26 billion. Crédit Agricole had a return on equity of 7.01% and a net margin of 25.81%. On average, equities analysts predict that Crédit Agricole will post 0.49 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Crédit Agricole from €16.00 ($17.39) to €17.00 ($18.48) in a research note on Friday, January 21st. Jefferies Financial Group lowered Crédit Agricole from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. JPMorgan Chase & Co. decreased their price target on Crédit Agricole from €12.50 ($13.59) to €12.00 ($13.04) in a research note on Monday, April 11th. UBS Group decreased their price target on Crédit Agricole from €14.70 ($15.98) to €13.40 ($14.57) in a research note on Tuesday, March 29th. Finally, Barclays lowered Crédit Agricole from an “overweight” rating to an “equal weight” rating and set a $14.10 price target on the stock. in a research note on Wednesday, April 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Crédit Agricole currently has an average rating of “Hold” and an average target price of $12.75.

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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