Credit Suisse Group (NYSE:CS) gapped up before the market opened on Friday . The stock had previously closed at $14.90, but opened at $15.61. Credit Suisse Group shares last traded at $16.14, with a volume of 1882852 shares trading hands.

Several equities research analysts have issued reports on the stock. Citigroup Inc reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, August 10th. Morgan Stanley reiterated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Wednesday, September 13th. Royal Bank Of Canada upgraded shares of Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a report on Friday, October 6th. Finally, BidaskClub lowered shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $16.50.

The company has a debt-to-equity ratio of 4.03, a current ratio of 1.39 and a quick ratio of 1.39.

Institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC increased its holdings in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 338 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Credit Suisse Group in the second quarter valued at approximately $154,000. Fiera Capital Corp acquired a new stake in shares of Credit Suisse Group in the second quarter valued at approximately $164,000. Finally, United Capital Financial Advisers LLC boosted its stake in Credit Suisse Group by 5.6% in the first quarter. United Capital Financial Advisers LLC now owns 12,510 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 669 shares during the last quarter. 2.94% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Credit Suisse Group (CS) Shares Gap Up to $15.61” was reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/credit-suisse-group-cs-shares-gap-up-to-15-61/1678623.html.

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.

Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with Analyst Ratings Network's FREE daily email newsletter.