Credit Suisse Group (NYSE:CS) Stock Rating Reaffirmed by Morgan Stanley

Credit Suisse Group (NYSE:CS)‘s stock had its “overweight” rating reissued by analysts at Morgan Stanley in a report issued on Friday, The Fly reports.

CS has been the subject of several other research reports. Barclays reissued an “underweight” rating on shares of Credit Suisse Group in a research report on Tuesday, July 21st. CIBC raised shares of Credit Suisse Group to an “outperformer” rating in a research report on Wednesday, July 15th. Deutsche Bank reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, June 25th. Royal Bank of Canada restated a “sector perform” rating on shares of Credit Suisse Group in a report on Friday. Finally, UBS Group lowered Credit Suisse Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.75.

Shares of Credit Suisse Group stock opened at $10.56 on Friday. The stock has a market capitalization of $26.48 billion, a P/E ratio of 6.21 and a beta of 1.44. Credit Suisse Group has a one year low of $6.47 and a one year high of $14.12. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50 day simple moving average is $10.36 and its two-hundred day simple moving average is $10.22.

Institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new position in Credit Suisse Group in the 1st quarter worth about $40,000. Howe & Rusling Inc. purchased a new stake in Credit Suisse Group during the first quarter valued at $40,000. Cornerstone Advisors Inc. lifted its holdings in Credit Suisse Group by 49.5% in the second quarter. Cornerstone Advisors Inc. now owns 4,064 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,346 shares during the period. Ellevest Inc. boosted its position in Credit Suisse Group by 91.8% in the first quarter. Ellevest Inc. now owns 5,966 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 2,856 shares during the last quarter. Finally, JustInvest LLC purchased a new stake in shares of Credit Suisse Group during the 1st quarter valued at about $95,000. 2.50% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Group

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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