Credit Suisse Group AG (CS) Shares Gap Down to $12.04
Credit Suisse Group AG (NYSE:CS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $12.03, but opened at $12.04. Credit Suisse Group AG shares last traded at $12.12, with a volume of 1,858,745 shares traded.
Several research analysts have commented on CS shares. Keefe, Bruyette & Woods restated a “buy” rating on shares of Credit Suisse Group AG in a report on Tuesday, June 28th. Barclays PLC lowered shares of Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $19.00 to $14.00 in a report on Thursday, June 9th. Zacks Investment Research upgraded shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a report on Friday, June 17th. Bank of America Corp. upgraded shares of Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a report on Friday, May 20th. Finally, Royal Bank Of Canada lowered shares of Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a report on Tuesday, June 28th. Six analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.28.
The stock’s market capitalization is $25.21 billion. The firm’s 50 day moving average price is $11.22 and its 200-day moving average price is $13.36.
An institutional investor recently raised its position in Credit Suisse Group AG stock. Wells Fargo & Company MN boosted its stake in Credit Suisse Group AG (NYSE:CS) by 141.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 914,026 shares of the company’s stock after buying an additional 536,219 shares during the period. Wells Fargo & Company MN’s holdings in Credit Suisse Group AG were worth $19,825,000 as of its most recent SEC filing.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.
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