Shares of Credit Suisse Group AG (NYSE:CS) 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 trading hands.

Several brokerages have issued reports on CS. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Credit Suisse Group AG in a research report on Tuesday, June 28th. Barclays PLC downgraded Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $19.00 to $14.00 in a research report on Thursday, June 9th. Zacks Investment Research upgraded Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Bank of America Corp. upgraded Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research report on Friday, May 20th. Finally, Royal Bank Of Canada downgraded Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 28th. Six analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.28.

The company’s market capitalization is $25.04 billion. The company’s 50 day moving average price is $11.26 and its 200-day moving average price is $13.35.

An institutional investor recently raised its position in Credit Suisse Group AG stock. Wells Fargo & Company MN raised its position in shares of Credit Suisse Group AG (NYSE:CS) by 141.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 filing with the SEC.

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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