Crédit Agricole (OTCMKTS:CRARY) PT Lowered to €12.00 at Credit Suisse Group

Crédit Agricole (OTCMKTS:CRARYGet Rating) had its target price cut by Credit Suisse Group from €12.50 ($13.16) to €12.00 ($12.63) in a research report released on Friday morning, The Fly reports.

Other equities research analysts have also issued reports about the stock. Societe Generale lowered their price target on shares of Crédit Agricole from €15.20 ($16.00) to €14.00 ($14.74) and set a buy rating on the stock in a report on Friday. Barclays lowered shares of Crédit Agricole from an overweight rating to an equal weight rating and set a $14.10 price target on the stock. in a report on Wednesday, April 13th. JPMorgan Chase & Co. lowered their price target on shares of Crédit Agricole from €12.50 ($13.16) to €12.00 ($12.63) in a report on Monday, April 11th. Zacks Investment Research lowered shares of Crédit Agricole from a buy rating to a hold rating in a research note on Thursday, February 24th. Finally, Jefferies Financial Group lowered shares of Crédit Agricole from a buy rating to a hold rating in a research note on Friday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Crédit Agricole currently has an average rating of Hold and a consensus price target of $12.81.

Shares of CRARY remained flat at $$5.21 during trading hours on Friday. 113,227 shares of the stock were exchanged, compared to its average volume of 202,118. The company has a market capitalization of $31.50 billion, a PE ratio of 5.76 and a beta of 1.79. Crédit Agricole has a 12-month low of $5.10 and a 12-month high of $8.16. The stock has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $6.71.

Crédit Agricole (OTCMKTS:CRARYGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Crédit Agricole had a net margin of 25.81% and a return on equity of 7.01%. The firm had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.26 billion. As a group, research analysts forecast that Crédit Agricole will post 0.49 EPS for the current fiscal 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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