Credit Suisse Group (NYSE:CS) Now Covered by StockNews.com

Posted by Defense World Staff on Jun 15th, 2023

Equities researchers at StockNews.com assumed coverage on shares of Credit Suisse Group (NYSE:CS – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Citigroup lowered shares of Credit Suisse Group from a “buy” rating to a “neutral” rating in a report on Thursday, February 16th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.73.

Credit Suisse Group Price Performance

CS stock opened at $0.89 on Thursday. The stock has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $2.16. Credit Suisse Group has a twelve month low of $0.82 and a twelve month high of $6.36. The firm has a market capitalization of $2.77 billion, a PE ratio of 1.37 and a beta of 1.27. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.79.

Institutional Investors Weigh In On Credit Suisse Group

A number of large investors have recently added to or reduced their stakes in CS. Credit Suisse AG purchased a new stake in shares of Credit Suisse Group in the 2nd quarter valued at $28,000. IFP Advisors Inc boosted its position in Credit Suisse Group by 84.5% during the third quarter. IFP Advisors Inc now owns 7,318 shares of the financial services provider’s stock valued at $166,000 after buying an additional 3,351 shares during the period. Captrust Financial Advisors grew its stake in shares of Credit Suisse Group by 70.3% during the second quarter. Captrust Financial Advisors now owns 7,931 shares of the financial services provider’s stock valued at $45,000 after buying an additional 3,273 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Credit Suisse Group in the fourth quarter worth about $31,000. Finally, Franklin Resources Inc. bought a new stake in shares of Credit Suisse Group in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 11.20% of the company’s stock.

Credit Suisse Group Company Profile

(Get Rating)

Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.