Crédit Agricole S.A. : Will there be an exit from the trading range on the downside?
Entry price | Target | Stop-loss | Potential |
---|
€10.97 |
€9.6 |
€11.9 |
+12.45% |
---|
The technical chart pattern of stocks in Crédit Agricole strongly argues for an exit on the downside from the current accumulation zone.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● Its low valuation, with P/E ratio at 8.23 and 7.83 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
● This company will be of major interest to investors in search of a high dividend stock.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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