Short Interest in Crédit Agricole S.A. (OTCMKTS:CRARY) Grows By 35.9%

Crédit Agricole S.A. (OTCMKTS:CRARYGet Rating) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 55,700 shares, a growth of 35.9% from the March 31st total of 41,000 shares. Based on an average daily volume of 421,700 shares, the days-to-cover ratio is presently 0.1 days.

Several equities research analysts have recently commented on the company. 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. Jefferies Financial Group downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Crédit Agricole from €16.00 ($17.20) to €17.00 ($18.28) in a research report on Friday, January 21st. HSBC downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. Finally, Zacks Investment Research downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.75.

Shares of CRARY opened at $5.32 on Monday. The stock has a fifty day moving average of $5.76 and a two-hundred day moving average of $6.78. The company has a market capitalization of $32.20 billion, a PE ratio of 5.48 and a beta of 1.85. Crédit Agricole has a fifty-two week low of $5.10 and a fifty-two week high of $8.16.

Crédit Agricole (OTCMKTS:CRARYGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Crédit Agricole had a return on equity of 7.01% and a net margin of 25.81%. The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.26 billion. As a group, research analysts anticipate that Crédit Agricole will post 0.49 earnings per share for the current year.

Crédit Agricole Company Profile (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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