Credit Suisse Group (CS) Earns “Hold” Rating from Societe Generale

Societe Generale reaffirmed their hold rating on shares of Credit Suisse Group (NYSE:CS) in a research note issued to investors on Friday morning, Marketbeat Ratings reports.

CS has been the topic of several other research reports. ValuEngine upgraded shares of Credit Suisse Group from a sell rating to a hold rating in a research report on Thursday, November 1st. Zacks Investment Research lowered shares of Credit Suisse Group from a hold rating to a sell rating in a research report on Wednesday, October 3rd. Barclays upgraded shares of Credit Suisse Group from an underweight rating to a hold rating and set a $16.00 price target on the stock in a research report on Monday, September 10th. JPMorgan Chase & Co. reiterated a buy rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. Finally, Deutsche Bank reiterated a buy rating on shares of Credit Suisse Group in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Credit Suisse Group currently has a consensus rating of Hold and a consensus target price of $16.50.

Shares of NYSE:CS opened at $12.76 on Friday. Credit Suisse Group has a 12-month low of $12.24 and a 12-month high of $19.98. The company has a market cap of $32.82 billion, a price-to-earnings ratio of 23.63 and a beta of 1.37. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Credit Suisse Group by 10.7% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,175 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 3,110 shares in the last quarter. Thomas White International Ltd. lifted its stake in Credit Suisse Group by 1.8% in the 2nd quarter. Thomas White International Ltd. now owns 194,295 shares of the financial services provider’s stock valued at $2,891,000 after purchasing an additional 3,476 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in Credit Suisse Group by 30.1% in the 2nd quarter. 180 Wealth Advisors LLC now owns 17,442 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 4,033 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Credit Suisse Group by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 134,003 shares of the financial services provider’s stock valued at $1,994,000 after purchasing an additional 4,058 shares during the last quarter. Finally, AMG National Trust Bank lifted its stake in Credit Suisse Group by 2.2% in the 2nd quarter. AMG National Trust Bank now owns 196,762 shares of the financial services provider’s stock valued at $2,928,000 after purchasing an additional 4,316 shares during the last quarter. Institutional investors and hedge funds own 2.80% of the company’s stock.

About Credit Suisse Group

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. 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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