Crédit Agricole S.A. (OTCMKTS:CRARY) Receives Average Recommendation of “Hold” from Analysts

Shares of Crédit Agricole S.A. (OTCMKTS:CRARY – Get Rating) have earned an average rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $13.70.

A number of analysts have weighed in on the company. UBS Group reduced their price target on Crédit Agricole from €14.70 ($15.81) to €13.40 ($14.41) in a research report on Tuesday, March 29th. Zacks Investment Research cut Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. Morgan Stanley cut Crédit Agricole from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Crédit Agricole from €16.00 ($17.20) to €17.00 ($18.28) in a research report on Friday, January 21st. Finally, Jefferies Financial Group cut Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Friday, April 8th.

Shares of OTCMKTS CRARY opened at $5.41 on Wednesday. The business’s 50-day moving average price is $5.88 and its two-hundred day moving average price is $6.82. Crédit Agricole has a one year low of $5.10 and a one year high of $8.16. The company has a market capitalization of $32.74 billion, a P/E ratio of 5.10 and a beta of 1.85.

Crédit Agricole (OTCMKTS:CRARY – Get Rating) last issued its earnings results on Thursday, February 10th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Crédit Agricole had a return on equity of 7.01% and a net margin of 25.81%. The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.26 billion. On average, equities research analysts forecast that Crédit Agricole will post 0.49 EPS for the current fiscal 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.

Featured Stories