Credit Agricole SA (OTCMKTS:CRARY – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $8.38 and last traded at $8.44, with a volume of 578,393 shares changing hands. The stock had previously closed at $8.68.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.
Read Our Latest Stock Report on CRARY
Credit Agricole Stock Down 0.2%
The company’s 50-day moving average price is $10.22 and its 200-day moving average price is $10.11. The firm has a market cap of $51.86 billion, a price-to-earnings ratio of 7.57 and a beta of 0.64.
Credit Agricole (OTCMKTS:CRARY – Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $8.47 billion for the quarter, compared to analysts’ expectations of $7.99 billion. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%. Analysts predict that Credit Agricole SA will post 1.27 earnings per share for the current fiscal year.
About Credit Agricole
Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.
Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.
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