Crédit Agricole (OTCMKTS:CRARY) Given New €13.70 Price Target at Barclays

Crédit Agricole (OTCMKTS:CRARYGet Rating) had its price target cut by Barclays from €14.10 ($14.54) to €13.70 ($14.12) in a research note released on Monday morning, The Fly reports.

A number of other equities analysts also recently commented on the company. Morgan Stanley lowered their price objective on Crédit Agricole from €10.70 ($11.03) to €10.00 ($10.31) and set an underweight rating for the company in a research report on Wednesday, June 15th. UBS Group lowered their price objective on Crédit Agricole from €13.40 ($13.81) to €12.40 ($12.78) in a research report on Tuesday, May 17th. JPMorgan Chase & Co. lowered their price objective on Crédit Agricole from €11.00 ($11.34) to €10.50 ($10.82) in a research report on Thursday, June 23rd. Berenberg Bank lowered their price target on Crédit Agricole from €12.30 ($12.68) to €11.50 ($11.86) in a report on Thursday, May 19th. Finally, Societe Generale lowered their price target on Crédit Agricole from €15.20 ($15.67) to €14.00 ($14.43) and set a buy rating for the company in a report on Friday, May 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $12.64.

Crédit Agricole Price Performance

Shares of OTCMKTS:CRARY opened at $4.53 on Monday. The firm has a market capitalization of $27.38 billion, a PE ratio of 4.76 and a beta of 1.72. The firm’s 50-day moving average is $4.74 and its two-hundred day moving average is $5.69. Crédit Agricole has a 1 year low of $4.00 and a 1 year high of $8.07.

Crédit Agricole (OTCMKTS:CRARYGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Crédit Agricole had a return on equity of 6.71% and a net margin of 23.38%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.42 billion. Analysts expect that Crédit Agricole will post 0.59 EPS for the current fiscal year.

Crédit Agricole Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 16th. Shareholders of record on Friday, May 27th were paid a $0.413 dividend. This represents a yield of 7.56%. The ex-dividend date of this dividend was Thursday, May 26th. Crédit Agricole’s dividend payout ratio is currently 44.21%.

Crédit Agricole Company Profile

(Get Rating)

Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through Asset Gathering; Large Customers; Specialised Financial Services; French Retail Banking – LCL; and International Retail Banking. The company offers banking products and services, including savings and current accounts and deposits, finance, payments, and flow management services; consumer finance products; and banking and specialized financial services.

See Also

The Fly logo

Analyst Recommendations for Crédit Agricole (OTCMKTS:CRARY)

Want More Great Investing Ideas?

Receive News & Ratings for Crédit Agricole Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crédit Agricole and related companies with MarketBeat.com's FREE daily email newsletter.