Credit Suisse Group (CS) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Credit Suisse Group (NYSE:CS) from a sell rating to a hold rating in a report issued on Thursday morning.

A number of other equities research analysts also recently issued reports on CS. Deutsche Bank restated a buy rating on shares of Credit Suisse Group in a research note on Wednesday, August 1st. Zacks Investment Research upgraded Credit Suisse Group from a sell rating to a buy rating and set a $17.00 price target for the company in a research note on Tuesday, August 21st. JPMorgan Chase & Co. restated a buy rating on shares of Credit Suisse Group in a research note on Tuesday, September 4th. Finally, Barclays upgraded Credit Suisse Group from an underweight rating to a hold rating and set a $16.00 price target for the company in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Credit Suisse Group currently has an average rating of Hold and an average target price of $16.50.

Shares of Credit Suisse Group stock traded down $0.08 during trading hours on Thursday, reaching $12.84. 6,000,943 shares of the stock traded hands, compared to its average volume of 3,992,855. The company has a market cap of $32.82 billion, a P/E ratio of 23.78 and a beta of 1.37. Credit Suisse Group has a one year low of $12.24 and a one year high of $19.98. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.81.

Large investors have recently made changes to their positions in the stock. Zions Bancorporation bought a new position in shares of Credit Suisse Group during the 3rd quarter valued at approximately $131,000. Chilton Investment Co. LLC bought a new position in shares of Credit Suisse Group during the 2nd quarter valued at approximately $149,000. Signaturefd LLC grew its stake in shares of Credit Suisse Group by 115.7% during the 2nd quarter. Signaturefd LLC now owns 13,075 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 7,014 shares during the period. Atria Investments LLC bought a new position in shares of Credit Suisse Group during the 2nd quarter valued at approximately $215,000. Finally, Virtu Financial LLC bought a new position in shares of Credit Suisse Group during the 2nd quarter valued at approximately $258,000. Institutional investors own 2.80% of the company’s stock.

About Credit Suisse Group

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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