Credit Suisse Group (CS) Cut to Hold at Societe Generale
Societe Generale lowered shares of Credit Suisse Group (NYSE:CS) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat Ratings reports.
A number of other analysts have also recently commented on the company. Goldman Sachs Group reiterated a buy rating on shares of Credit Suisse Group in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reiterated a buy rating on shares of Credit Suisse Group in a research report on Monday, November 20th. UBS Group reiterated a buy rating on shares of Credit Suisse Group in a research report on Monday, December 11th. Zacks Investment Research upgraded Credit Suisse Group from a sell rating to a hold rating in a research report on Monday, December 25th. Finally, Macquarie upgraded Credit Suisse Group from an underperform rating to a neutral rating in a research report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $20.00.
Credit Suisse Group (CS) traded up $0.21 during trading on Tuesday, reaching $18.96. The company had a trading volume of 2,609,293 shares, compared to its average volume of 1,937,674. The stock has a market capitalization of $47,925.22, a PE ratio of -30.10 and a beta of 1.51. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. Credit Suisse Group has a 12 month low of $13.28 and a 12 month high of $18.96.
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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