Credit Suisse Group’s (CS) “Buy” Rating Reiterated at DZ Bank

DZ Bank reiterated their buy rating on shares of Credit Suisse Group (NYSE:CS) in a research report report published on Thursday morning, Borsen Zeitung reports.

Several other brokerages have also issued reports on CS. CIBC raised shares of Credit Suisse Group to an outperformer rating in a research note on Wednesday, July 15th. HSBC lowered shares of Credit Suisse Group from a buy rating to a hold rating in a research note on Wednesday, April 22nd. Deutsche Bank reaffirmed a buy rating on shares of Credit Suisse Group in a research note on Thursday, June 25th. UBS Group downgraded shares of Credit Suisse Group from a buy rating to a neutral rating in a research report on Tuesday, July 7th. Finally, Zacks Investment Research upgraded shares of Credit Suisse Group from a hold rating to a buy rating and set a $11.00 price target on the stock in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $9.75.

Shares of NYSE CS opened at $10.56 on Thursday. The firm has a market capitalization of $26.48 billion, a PE ratio of 6.21 and a beta of 1.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.97. Credit Suisse Group has a 1 year low of $6.47 and a 1 year high of $14.12. The firm’s 50-day moving average is $10.36 and its 200-day moving average is $10.22.

A number of hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Credit Suisse Group during the 4th quarter worth approximately $3,362,000. Cornerstone Advisors Inc. raised its holdings in Credit Suisse Group by 49.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 4,064 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,346 shares during the period. Private Advisor Group LLC raised its holdings in Credit Suisse Group by 15.2% during the 1st quarter. Private Advisor Group LLC now owns 16,854 shares of the financial services provider’s stock worth $136,000 after buying an additional 2,220 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Credit Suisse Group by 18.1% during the 1st quarter. Oppenheimer & Co. Inc. now owns 15,653 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Ellevest Inc. grew its stake in shares of Credit Suisse Group by 91.8% during the 1st quarter. Ellevest Inc. now owns 5,966 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 2,856 shares in the last quarter. Hedge funds and other institutional investors own 2.50% of the company’s stock.

About Credit Suisse Group

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