Crédit Agricole
Real-time Euronext Paris - 02/16 05:35:57 pm

Helped by a technical support level

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Anaïs Lozach

Strategy published on : 12/06/2017 | 09:37

long trade
Target price hit

Entry price : 13.86€
Target : 15.5€
Stop-loss : 13.25€
Potential : 11.83%

The recent downturn has taken Crédit Agricole shares close to a medium term support level around 13.84 EUR. The timing for a long trade in the stock appears good.

● The close medium term support offers good timing for purchasing the stock.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Its low valuation, with P/E ratio at 10.71 and 10.57 for the ongoing fiscal year and 2018 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 twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The stock is in a well-established, long-term rising trend above the technical support level at 13.18 EUR

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