Credit Suisse Group’s (CS) “Buy” Rating Reiterated at DZ Bank

DZ Bank reiterated their buy rating on shares of Credit Suisse Group (NYSE:CS) in a report released on Thursday, Borsen Zeitung reports.

A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Credit Suisse Group from a hold rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, June 23rd. Cfra decreased their price objective on Credit Suisse Group from $14.00 to $8.50 and set a hold rating on the stock in a research report on Friday, April 24th. TheStreet downgraded Credit Suisse Group from a c- rating to a d+ rating in a research report on Tuesday, May 19th. Goldman Sachs Group restated a buy rating on shares of Credit Suisse Group in a research report on Tuesday, July 7th. Finally, HSBC downgraded Credit Suisse Group from a buy rating to a hold rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $9.75.

CS stock opened at $10.56 on Thursday. Credit Suisse Group has a 1-year low of $6.47 and a 1-year high of $14.12. The business has a fifty day moving average price of $10.36 and a 200-day moving average price of $10.22. 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 stock has a market capitalization of $26.48 billion, a P/E ratio of 6.21 and a beta of 1.44.

Several hedge funds and other institutional investors have recently modified their holdings of CS. NEXT Financial Group Inc purchased a new stake in shares of Credit Suisse Group in the first quarter worth approximately $40,000. Howe & Rusling Inc. bought a new position in Credit Suisse Group in the first quarter worth approximately $40,000. Cornerstone Advisors Inc. grew its stake 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 worth $42,000 after purchasing an additional 1,346 shares in the last quarter. Ellevest Inc. grew its stake 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 in the last quarter. Finally, JustInvest LLC bought a new position in Credit Suisse Group in the first quarter worth approximately $95,000. Hedge funds and other institutional investors own 2.50% of the company’s stock.

Credit Suisse Group Company Profile

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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