Credit Suisse Group AG (CS) Shares Gap Up to $11.87
Credit Suisse Group AG (NYSE:CS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $11.85, but opened at $11.87. Credit Suisse Group AG shares last traded at $11.98, with a volume of 1,754,043 shares traded.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Credit Suisse Group AG from a “sell” rating to a “hold” rating in a report on Friday, June 17th. JPMorgan Chase & Co. cut Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a report on Monday, June 27th. Royal Bank Of Canada lowered Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 28th. Sanford C. Bernstein began coverage on Credit Suisse Group AG in a research report on Monday, July 11th. They issued an “underperform” rating for the company. Finally, Barclays PLC lowered Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $19.00 to $14.00 in a research report on Thursday, June 9th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Credit Suisse Group AG currently has an average rating of “Hold” and an average target price of $17.28.
The stock’s 50 day moving average is $11.16 and its 200 day moving average is $13.50. The firm’s market capitalization is $25.04 billion.
An institutional investor recently raised its position in Credit Suisse Group AG stock. Wells Fargo & Company MN boosted its stake 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 (SEC). 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 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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