Credit Agricole Sa (CRARY) Downgraded by Zacks Investment Research
Credit Agricole Sa (NASDAQ:CRARY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “Credit Agricole S.A. markets a complete range of financial products and services. It offers savings, investments, life insurance, credit, payment and insurance services. Its activities are organized into three business lines: Central body: it ensures the cohesion and smooth functioning of the network, and represents the Group with banking authorities; Specialized business: it provides asset management, insurance, private banking, consumer credit, leasing, factoring and Banking and investment. The strength of its retail bank and know -how of its subsidiaries enable it to intervene in all areas of banking and finance. Credit Agricole is headquartered in Paris, France. “
Separately, HSBC Holdings plc lowered shares of Credit Agricole Sa from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Credit Agricole Sa has a consensus rating of “Buy” and an average price target of $10.00.
Shares of Credit Agricole Sa (NASDAQ:CRARY) traded down 0.22% during trading on Friday, reaching $9.06. 47,234 shares of the company’s stock were exchanged. The stock has a market cap of $51.53 billion and a PE ratio of 11.28. The stock’s 50 day moving average price is $8.85 and its 200-day moving average price is $7.77. Credit Agricole Sa has a 52-week low of $4.68 and a 52-week high of $9.17.
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About Credit Agricole Sa
Credit Agricole SA provides retail, corporate, insurance, and investment banking products and services worldwide. The company operates through five segments: Asset gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large customers. It offers payment instruments, loans, saving products, and payment management products and services; and savings/retirement, death and disability/creditor/group, and property and casualty insurance products.
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