Credit Suisse Group AG (CS) Stock Price Up 2.2%
Shares of Credit Suisse Group AG (NYSE:CS) traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $12.82 and last traded at $12.73, with a volume of 2,186,817 shares. The stock had previously closed at $12.45.
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Credit Suisse Group AG in a research note on Tuesday, June 28th. Sanford C. Bernstein assumed coverage on Credit Suisse Group AG in a research note on Monday, July 11th. They issued an “underperform” rating on the stock. Bank of America Corp. raised Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research note on Friday, May 20th. Zacks Investment Research raised Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Finally, Barclays PLC cut Credit Suisse Group AG to a “hold” rating in a research note on Monday, June 27th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.28.
The stock’s 50-day moving average is $11.63 and its 200-day moving average is $13.18. The firm’s market capitalization is $26.54 billion.
A hedge fund recently raised its stake in Credit Suisse Group AG stock. Ameriprise Financial Inc. raised its stake in Credit Suisse Group AG (NYSE:CS) by 223.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,176 shares of the company’s stock after buying an additional 52,591 shares during the period. Ameriprise Financial Inc.’s holdings in Credit Suisse Group AG were worth $1,650,000 at the end of the most recent reporting period.
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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