Crédit Agricole Shares Bounce Nearly 3%
Crédit Agricole shares are regaining strength in early trading this Wednesday, after a week of decline. This movement occurs in a well-oriented Parisian market, with the CAC 40 gaining 1.23% during the session. A recent note from BNP Paribas Exane has adjusted expectations for the stock.
Technical Rebound at the Moving Averages
Crédit Agricole gained 2.97% to €17.14 at the opening, up from €16.65 the previous day. The stock is revisiting its 50-day moving average at €17.07, and remains just above its 200-day moving average at €16.86. The movement occurs without breaking through the resistance threshold identified at €17.78, which has capped the stock for several sessions. The RSI at 42 reflects a stock that has exited the low zone without signaling excess. Over the week, the performance remains negative at -0.95%, indicating that this rebound only partially compensates for the 6.59% drop recorded on April 30 following the quarterly release. Over three months, the stock is down 3.25%.
BNP Exane Revises Its Target, Busy Schedule in May
BNP Paribas Exane lowered its price target on the green bank on May 4, bringing it from €18.50 to €17.50, with a neutral opinion. This target offers limited potential compared to the current price. The note comes after the publication of the quarterly net result of €2.1 billion, up 5.5%, but accompanied by an increased risk cost of 30.6%. Other analyst opinions are available for those who wish to compare targets. The calendar for the coming weeks is packed for shareholders. The 2026 general meeting is scheduled for May 20. The coupon detachment is planned for May 26, followed by the dividend payment on May 28. The second-quarter results will be published on July 31.
