Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.31, but opened at $10.83. Credit Agricole shares last traded at $10.84, with a volume of 18,572 shares.

Analyst Ratings Changes

A number of research analysts have commented on CRARY shares. Zacks Research cut Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Credit Agricole in a report on Wednesday, January 21st. Finally, Oddo Bhf raised shares of Credit Agricole from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Credit Agricole currently has an average rating of “Moderate Buy”.

Credit Agricole Stock Up 3.2%

The firm’s 50 day moving average is $10.00 and its two-hundred day moving average is $9.66. The stock has a market cap of $65.60 billion, a price-to-earnings ratio of 8.34 and a beta of 0.67.

Credit Agricole (OTCMKTS:CRARY) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Credit Agricole had a return on equity of 37.56% and a net margin of 27.03%.

About Credit Agricole

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.