Credit Agricole (OTCMKTS:CRARY) Hits New 12-Month Low – What’s Next?

Shares of Credit Agricole SA (OTCMKTS:CRARY – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $8.64 and last traded at $8.72, with a volume of 5,952 shares traded. The stock had previously closed at $9.03.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Credit Agricole in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

Read Our Latest Stock Report on CRARY

Credit Agricole Trading Down 3.7%

The business has a 50-day moving average price of $10.55 and a two-hundred day moving average price of $10.14. The stock has a market capitalization of $53.26 billion, a P/E ratio of 7.77 and a beta of 0.64.

Credit Agricole (OTCMKTS:CRARY – Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.99 billion. Credit Agricole had a return on equity of 31.64% and a net margin of 23.39%. On average, sell-side analysts forecast that Credit Agricole SA will post 1.34 earnings per share for the current fiscal year.

Credit Agricole Company Profile

(Get Free Report)

Crédit Agricole SA is the listed banking subsidiary of the Crédit Agricole Group, a French financial services organization with roots in agricultural lending. The group traces its origins to the creation of local agricultural credit funds in France in 1894 and has since developed into a diversified universal banking group serving individuals, businesses, institutions and public-sector organizations.

The company’s principal activities include retail and commercial banking, corporate and investment banking, consumer finance, specialized financial services, insurance, asset management and private banking.

Further Reading

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