Credit Agricole (OTCMKTS:CRARY) Reaches New 1-Year High – Here’s Why

Credit Agricole SA (OTCMKTS:CRARY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $11.33 and last traded at $11.3050, with a volume of 49028 shares changing hands. The stock had previously closed at $11.13.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Credit Agricole has a consensus rating of “Hold”.

Credit Agricole Stock Up 1.9%

The stock has a fifty day simple moving average of $10.10 and a two-hundred day simple moving average of $10.07. The firm has a market cap of $68.63 billion, a PE ratio of 10.12 and a beta of 0.65. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 5.79.

Credit Agricole (OTCMKTS:CRARY) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Credit Agricole had a return on equity of 23.73% and a net margin of 23.39%.The firm had revenue of $8.47 billion during the quarter, compared to analysts’ expectations of $7.99 billion. As a group, sell-side analysts expect that Credit Agricole SA will post 1.34 EPS for the current fiscal year.

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.