Crédit Agricole S.A. : The target price as per the weekly chart was reached
| Entry price | Target | Stop-loss | Potential |
|---|
|
€11.82 |
€11 |
€12.2 |
+6.94% |
|---|
Below the resistance levels that are currently being tested and which are situated around 11.9 EUR, the beginning of a correction phase for shares in Crédit Agricole appears to be the most likely scenario.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● Its low valuation, with P/E ratio at 9.64 and 11.43 for the ongoing fiscal year and 2017 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● The stock is in a well-established, long-term rising trend above the technical support level at 9.52 EUR
● Stock prices approach a strong long-term resistance in weekly data at EUR 11.9.
● The stock is close to a major daily resistance at EUR 11.98, which should be gotten rid of so as to gain new appreciation potential.
● According to forecast, a sluggish sales growth is expected for the next fiscal years.
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CRÉDIT AGRICOLE S.A. 
