Credit Agricole Sa (CRARY) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Credit Agricole Sa (NASDAQ:CRARY) from a buy rating to a hold rating in a report issued on Friday.
According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “
Separately, HSBC Holdings plc downgraded Credit Agricole Sa from a buy rating to a hold rating in a research report on Friday, July 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $10.00.
Shares of Credit Agricole Sa (NASDAQ:CRARY) traded down 0.22% on Friday, reaching $9.06. The company had a trading volume of 47,234 shares. Credit Agricole Sa has a 52-week low of $4.68 and a 52-week high of $9.17. The firm has a market capitalization of $51.53 billion and a PE ratio of 11.28. The company has a 50-day moving average price of $8.86 and a 200-day moving average price of $7.79.
About Credit Agricole Sa
Credit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. The company operates through five segments: Asset gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large customers. It offers payment instruments, loans, saving products, and payment management products and services; and savings/retirement, death and disability/creditor/group, and property and casualty insurance products.
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