Societe Generale Trims Crédit Agricole (OTCMKTS:CRARY) Target Price to €14.00

Crédit Agricole (OTCMKTS:CRARY – Get Rating) had its price objective lowered by Societe Generale from €15.20 ($16.00) to €14.00 ($14.74) in a report issued on Friday morning, The Fly reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on CRARY. Barclays downgraded Crédit Agricole from an overweight rating to an equal weight rating and set a $14.10 price target for the company. in a research report on Wednesday, April 13th. Zacks Investment Research downgraded Crédit Agricole from a buy rating to a hold rating in a research report on Thursday, February 24th. HSBC downgraded Crédit Agricole from a buy rating to a hold rating in a research report on Wednesday, March 16th. UBS Group decreased their price target on Crédit Agricole from €14.70 ($15.47) to €13.40 ($14.11) in a research report on Tuesday, March 29th. Finally, JPMorgan Chase & Co. decreased their price target on Crédit Agricole from €12.50 ($13.16) to €12.00 ($12.63) in a research report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Crédit Agricole has a consensus rating of Hold and an average target price of $12.81.

Shares of CRARY stock remained flat at $$5.21 during trading hours on Friday. The stock had a trading volume of 113,227 shares, compared to its average volume of 202,118. Crédit Agricole has a 52 week low of $5.10 and a 52 week high of $8.16. The firm has a 50 day moving average of $5.62 and a two-hundred day moving average of $6.71. The company has a market capitalization of $31.50 billion, a P/E ratio of 5.76 and a beta of 1.79.

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, 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 company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $6.26 billion. As a group, research analysts predict that Crédit Agricole will post 0.49 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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