Crédit Agricole S.A. (OTCMKTS:CRARY – Get Rating) has earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.00.
CRARY has been the subject of a number of recent analyst reports. Morgan Stanley cut their target price on Crédit Agricole from €10.70 ($11.26) to €10.00 ($10.53) and set an “underweight” rating for the company in a research report on Wednesday, June 15th. Berenberg Bank dropped their price objective on Crédit Agricole from €12.30 ($12.95) to €11.50 ($12.11) in a research report on Thursday, May 19th. Jefferies Financial Group downgraded Crédit Agricole from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. UBS Group dropped their price objective on Crédit Agricole from €13.40 ($14.11) to €12.40 ($13.05) in a research report on Tuesday, May 17th. Finally, The Goldman Sachs Group started coverage on Crédit Agricole in a research report on Tuesday, May 31st. They set a “neutral” rating for the company.
OTCMKTS:CRARY opened at $4.83 on Thursday. The stock has a fifty day moving average price of $5.29 and a 200-day moving average price of $6.25. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 5.29 and a beta of 1.78. Crédit Agricole has a fifty-two week low of $4.49 and a fifty-two week high of $8.07.
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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