Credit Suisse Group (CS) Rating Lowered to Hold at Societe Generale

Credit Suisse Group (NYSE:CS) was downgraded by investment analysts at Societe Generale from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat reports.

Several other brokerages have also recently commented on CS. Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Monday, December 25th. UBS Group reissued a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. Citigroup reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.00.

Shares of Credit Suisse Group (NYSE CS) traded up $0.21 during midday trading on Tuesday, reaching $18.96. The company had a trading volume of 2,609,293 shares, compared to its average volume of 1,937,674. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $18.96. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09. The firm has a market capitalization of $47,925.22, a PE ratio of -30.10 and a beta of 1.51.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of Credit Suisse Group by 555.7% during the third quarter. Jane Street Group LLC now owns 194,189 shares of the financial services provider’s stock worth $3,068,000 after purchasing an additional 164,574 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Credit Suisse Group by 115.1% during the second quarter. JPMorgan Chase & Co. now owns 375,036 shares of the financial services provider’s stock worth $5,475,000 after purchasing an additional 200,715 shares during the period. HighTower Advisors LLC bought a new position in shares of Credit Suisse Group during the second quarter worth approximately $335,000. Ingalls & Snyder LLC bought a new position in shares of Credit Suisse Group during the third quarter worth approximately $1,603,000. Finally, FNY Partners Fund LP increased its stake in shares of Credit Suisse Group by 10.9% during the third quarter. FNY Partners Fund LP now owns 244,922 shares of the financial services provider’s stock worth $3,869,000 after purchasing an additional 24,000 shares during the period. 2.84% of the stock is owned by institutional investors.

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Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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