J P Morgan Chase & Co Reaffirms Buy Rating for Credit Suisse Group (CS)

Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating reissued by analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Monday.

Several other brokerages also recently issued reports on CS. Royal Bank Of Canada upgraded Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 6th. Macquarie upgraded Credit Suisse Group from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 15th. Santander upgraded Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Credit Suisse Group currently has an average rating of “Buy” and a consensus target price of $17.00.



Shares of Credit Suisse Group (NYSE:CS) opened at $16.10 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09. Credit Suisse Group has a 12-month low of $13.06 and a 12-month high of $16.46.

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Large investors have recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its stake in Credit Suisse Group by 5.0% during the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 338 shares during the last quarter. Zions Bancorporation increased its stake in Credit Suisse Group by 2,018.8% during the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 7,187 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in Credit Suisse Group during the third quarter worth about $121,000. Quadrant Capital Group LLC increased its stake in Credit Suisse Group by 75.7% during the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 4,466 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in Credit Suisse Group during the third quarter worth about $145,000. Institutional investors own 2.95% of the company’s stock.

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.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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