Crédit Agricole S.A. (OTCMKTS:CRARY) Sees Significant Growth in Short Interest

Crédit Agricole S.A. (OTCMKTS:CRARY – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 83,600 shares, a growth of 50.1% from the April 15th total of 55,700 shares. Based on an average daily volume of 424,400 shares, the short-interest ratio is currently 0.2 days.

Several research firms have weighed in on CRARY. JPMorgan Chase & Co. cut their target price on Crédit Agricole from €12.50 ($13.16) to €12.00 ($12.63) in a research note on Monday, April 11th. Zacks Investment Research cut Crédit Agricole from a “buy” rating to a “hold” rating in a research note on Thursday, February 24th. HSBC downgraded shares of Crédit Agricole from a “buy” rating to a “hold” rating in a report on Wednesday, March 16th. Barclays downgraded shares of Crédit Agricole from an “overweight” rating to an “equal weight” rating and set a $14.10 price target for the company. in a report on Wednesday, April 13th. Finally, 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 for the company in a report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Crédit Agricole has a consensus rating of “Hold” and a consensus target price of $12.81.

OTCMKTS CRARY opened at $5.33 on Friday. The company has a market capitalization of $32.26 billion, a price-to-earnings ratio of 5.61 and a beta of 1.79. Crédit Agricole has a twelve month low of $5.07 and a twelve month high of $8.07. The stock has a fifty day simple moving average of $5.57 and a 200 day simple moving average of $6.63.

Crédit Agricole (OTCMKTS:CRARY – Get Rating) last posted 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. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.26 billion. Crédit Agricole had a return on equity of 6.71% and a net margin of 23.38%. Sell-side analysts anticipate that Crédit Agricole will post 0.49 earnings per share for the current year.

Crédit Agricole Company Profile (Get Rating)

Crédit 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 – LCL; 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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