Credit Suisse Group AG (NYSE:CS) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.00.
A number of research analysts have weighed in on CS shares. ValuEngine downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, August 1st. Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, August 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, September 4th. Finally, Barclays raised Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Monday, September 10th.
CS stock opened at $12.50 on Tuesday. Credit Suisse Group has a fifty-two week low of $12.24 and a fifty-two week high of $19.98. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 23.15 and a beta of 1.32.
Several hedge funds and other institutional investors have recently bought and sold shares of CS. Chilton Investment Co. LLC bought a new position in shares of Credit Suisse Group in the second quarter worth about $149,000. Verition Fund Management LLC bought a new position in shares of Credit Suisse Group in the first quarter worth about $192,000. Signaturefd LLC raised its stake in shares of Credit Suisse Group by 115.7% in the second quarter. Signaturefd LLC now owns 13,075 shares of the financial services provider’s stock worth $195,000 after buying an additional 7,014 shares during the period. Atria Investments LLC bought a new position in shares of Credit Suisse Group in the second quarter worth about $215,000. Finally, Virtu Financial LLC bought a new stake in Credit Suisse Group during the 2nd quarter valued at approximately $258,000. 2.80% of the stock is currently owned by hedge funds and other institutional investors.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.
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