Credit Agricole (OTCMKTS:CRARY) Shares Gap Up – Should You Buy?

Credit Agricole SA (OTCMKTS:CRARY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.31, but opened at $10.83. Credit Agricole shares last traded at $10.84, with a volume of 18,572 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CRARY. Oddo Bhf upgraded Credit Agricole from a “neutral” rating to an “outperform” rating in a report on Tuesday. Zacks Research downgraded shares of Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Credit Agricole in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Credit Agricole in a research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Credit Agricole Price Performance

The company has a market cap of $65.60 billion, a PE ratio of 8.34 and a beta of 0.67. The stock’s 50-day moving average is $10.00 and its 200 day moving average is $9.66.

Credit Agricole (OTCMKTS:CRARY) last issued its earnings results on Thursday, October 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Credit Agricole had a return on equity of 37.56% and a net margin of 27.03%.

About Credit Agricole

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.