Credit Suisse Group AG (CS) Trading Up 2.2%
Credit Suisse Group AG (NYSE:CS) shares rose 2.2% during trading on Tuesday . The company traded as high as $12.82 and last traded at $12.73, with a volume of 2,186,817 shares trading hands. The stock had previously closed at $12.45.
CS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Credit Suisse Group AG in a research report on Tuesday, June 28th. Barclays PLC cut shares of Credit Suisse Group AG to a “hold” rating in a research report on Monday, June 27th. Bank of America Corp. upgraded shares of Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research report on Friday, May 20th. Sanford C. Bernstein began coverage on shares of Credit Suisse Group AG in a report on Monday, July 11th. They issued an “underperform” rating on the stock. Finally, Royal Bank Of Canada cut 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 company currently has an average rating of “Hold” and a consensus price target of $17.28.
The company has a 50 day moving average price of $11.74 and a 200 day moving average price of $13.17. The firm’s market capitalization is $27.70 billion.
An institutional investor recently raised its position in Credit Suisse Group AG stock. Ameriprise Financial Inc. raised its position in Credit Suisse Group AG (NYSE:CS) by 223.0% during the fourth quarter, according to its most recent 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 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.
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.