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

Shares of Credit Agricole SA (OTCMKTS:CRARY) hit a new 52-week low on Wednesday. The stock 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.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Credit Agricole in a research note 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 data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Credit Agricole Trading Down 3.7%

The firm’s fifty day moving average price is $10.55 and its 200-day moving average price is $10.14. The firm has a market cap of $53.26 billion, a price-to-earnings ratio of 7.77 and a beta of 0.64.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The business 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%. On average, sell-side analysts expect that Credit Agricole SA will post 1.34 earnings per share for the current year.

About Credit Agricole

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.