Credit Suisse Group (CS) Shares Up 5.5%
Shares of Credit Suisse Group AG (NYSE:CS) shot up 5.5% during trading on Wednesday . The stock traded as high as $18.72 and last traded at $18.66. 6,373,990 shares changed hands during trading, an increase of 63% from the average session volume of 3,912,245 shares. The stock had previously closed at $17.68.
Several research firms have recently commented on CS. Zacks Investment Research raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, January 10th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, November 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday. Barclays began coverage on shares of Credit Suisse Group in a research report on Tuesday, January 16th. They set an “underweight” rating on the stock. Finally, UBS Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Credit Suisse Group has an average rating of “Buy” and an average target price of $22.00.
The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $45,036.93, a PE ratio of -29.62 and a beta of 1.40.
About Credit Suisse Group
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.
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