Credit Suisse Group AG (CS) Sees Strong Trading Volume
Credit Suisse Group AG (NYSE:CS) saw unusually-high trading volume on Wednesday . Approximately 3,514,300 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 3,075,166 shares.The stock last traded at $12.98 and had previously closed at $12.75.
CS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “buy” rating on shares of Credit Suisse Group AG in a research report on Tuesday, June 28th. JPMorgan Chase & Co. lowered Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. 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, Barclays PLC lowered Credit Suisse Group AG to a “hold” rating in a research report 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 company. The company presently has an average rating of “Hold” and a consensus target price of $17.28.
The company has a 50-day moving average of $11.74 and a 200-day moving average of $13.17. The stock’s market capitalization is $27.14 billion.
A hedge fund recently raised its stake in Credit Suisse Group AG stock. Ameriprise Financial Inc. increased 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 Securities and Exchange Commission (SEC). The firm 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 quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.