Crédit Agricole S.A. : Helped by a technical support level
| Entry price | Target | Stop-loss | Potential |
|---|
|
€13.86 |
€15.5 |
€13.25 |
+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.
Strengths● 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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CRÉDIT AGRICOLE S.A. 
