Societe Generale Upgrades Credit Suisse Group (CS) to “Buy”

Credit Suisse Group (NYSE:CS) was upgraded by equities research analysts at Societe Generale to a “buy” rating in a report issued on Thursday.

A number of other analysts have also recently issued reports on the company. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, January 23rd. Barclays assumed coverage on Credit Suisse Group in a report on Tuesday, January 16th. They set an “underweight” rating on the stock. UBS Group restated a “buy” rating on shares of Credit Suisse Group in a report on Monday, December 11th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.00.

Shares of Credit Suisse Group (CS) opened at $18.66 on Thursday. The stock has a market capitalization of $45,190.29, a price-to-earnings ratio of -29.62 and a beta of 1.40. Credit Suisse Group has a 12-month low of $13.28 and a 12-month high of $19.98. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its holdings in Credit Suisse Group by 555.7% during the third quarter. Jane Street Group LLC now owns 194,189 shares of the financial services provider’s stock valued at $3,068,000 after buying an additional 164,574 shares in the last quarter. Ingalls & Snyder LLC bought a new position in Credit Suisse Group during the third quarter valued at about $1,603,000. HighTower Advisors LLC bought a new position in Credit Suisse Group during the second quarter valued at about $335,000. FNY Partners Fund LP raised its holdings in Credit Suisse Group by 10.9% during the third quarter. FNY Partners Fund LP now owns 244,922 shares of the financial services provider’s stock valued at $3,869,000 after buying an additional 24,000 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in Credit Suisse Group by 97.0% during the third quarter. First Republic Investment Management Inc. now owns 88,177 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 43,411 shares in the last quarter. Institutional investors own 2.81% of the company’s stock.

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Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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