Credit Agricole (OTCMKTS:CRARY) Hits New 52-Week High – Should You Buy?

Credit Agricole SA (OTCMKTS:CRARY) shares reached a new 52-week high on Monday . The stock traded as high as $10.95 and last traded at $10.95, with a volume of 67299 shares traded. The stock had previously closed at $10.79.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Credit Agricole in a research report on Friday, December 19th. Zacks Research downgraded Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Credit Agricole in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Credit Agricole Stock Down 2.3%

The stock has a 50-day moving average of $10.22 and a 200 day moving average of $9.74. The stock has a market cap of $64.75 billion, a PE ratio of 8.23 and a beta of 0.65.

Credit Agricole (OTCMKTS:CRARY) last issued its earnings results on Wednesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.11). Credit Agricole had a net margin of 27.03% and a return on equity of 37.56%.

Credit Agricole Company Profile

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.