Zacks Investment Research upgraded shares of Credit Suisse Group AG (NYSE:CS) from a strong sell rating to a buy rating in a report published on Tuesday. Zacks Investment Research currently has $15.00 target price on the stock.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

CS has been the subject of several other reports. JPMorgan Chase & Co. restated an underweight rating on shares of Credit Suisse Group AG in a report on Monday, June 20th. Sanford C. Bernstein assumed coverage on Credit Suisse Group AG in a report on Monday, July 11th. They issued an underperform rating for the company. Royal Bank Of Canada downgraded Credit Suisse Group AG from an outperform rating to a sector perform rating in a report on Tuesday, June 28th. Barclays PLC downgraded Credit Suisse Group AG to a hold rating in a report on Monday, June 27th. Finally, Keefe, Bruyette & Woods downgraded Credit Suisse Group AG from an outperform rating to a market perform rating in a report on Monday, June 13th. Five analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Credit Suisse Group AG currently has a consensus rating of Hold and a consensus price target of $16.95.

Credit Suisse Group AG (NYSE:CS) opened at 13.204 on Tuesday. Credit Suisse Group AG has a 52 week low of $10.01 and a 52 week high of $26.30. The stock’s market cap is $27.48 billion. The company has a 50-day moving average price of $13.12 and a 200-day moving average price of $12.93.

A number of institutional investors have recently made changes to their positions in the stock. Greenwich Wealth Management LLC bought a new position in shares of Credit Suisse Group AG during the second quarter valued at $11,584,000. Brandes Investment Partners LP boosted its position in shares of Credit Suisse Group AG by 13.1% in the second quarter. Brandes Investment Partners LP now owns 6,299,201 shares of the company’s stock valued at $67,401,000 after buying an additional 731,888 shares in the last quarter. Dodge & Cox boosted its position in shares of Credit Suisse Group AG by 62.1% in the second quarter. Dodge & Cox now owns 1,424,729 shares of the company’s stock valued at $15,245,000 after buying an additional 546,042 shares in the last quarter. Sei Investments Co. boosted its position in shares of Credit Suisse Group AG by 77.1% in the second quarter. Sei Investments Co. now owns 1,217,202 shares of the company’s stock valued at $13,024,000 after buying an additional 529,720 shares in the last quarter. Finally, Shah Capital Management bought a new position in shares of Credit Suisse Group AG during the second quarter valued at $4,066,000. 2.57% of the stock is owned by hedge funds and other institutional investors.

About Credit Suisse Group AG

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

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