Credit Agricole (OTCMKTS:CRARY) Shares Gap Down – Should You Sell?

Credit Agricole SA (OTCMKTS:CRARYGet Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.00, but opened at $9.45. Credit Agricole shares last traded at $9.48, with a volume of 12,828 shares traded.

Key Stories Impacting Credit Agricole

Here are the key news stories impacting Credit Agricole this week:

Analyst Ratings Changes

A number of research firms have issued reports on CRARY. Deutsche Bank Aktiengesellschaft cut Credit Agricole from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 27th. Keefe, Bruyette & Woods upgraded Credit Agricole from a “moderate sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Stock Report on CRARY

Credit Agricole Stock Up 0.1%

The business has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $9.94. The company has a market capitalization of $58.52 billion, a price-to-earnings ratio of 8.13 and a beta of 0.66.

Credit Agricole (OTCMKTS:CRARYGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Credit Agricole had a return on equity of 24.26% and a net margin of 24.36%.The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.25 billion. On average, sell-side analysts anticipate that Credit Agricole SA will post 1.31 EPS for the current fiscal year.

About Credit Agricole

(Get Free Report)

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.

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