Credit Suisse Group AG (NYSE:CS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.76, but opened at $12.86. Credit Suisse Group AG shares last traded at $13.09, with a volume of 1,402,918 shares traded.

A number of brokerages have weighed in on CS. JPMorgan Chase & Co. lowered Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Zacks Investment Research raised shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Royal Bank Of Canada lowered shares of Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 28th. Sanford C. Bernstein started coverage on shares of Credit Suisse Group AG in a research report on Monday, July 11th. They set an “underperform” rating for the company. Finally, Barclays PLC lowered shares of Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $19.00 to $14.00 in a research report on Thursday, June 9th. Five analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Credit Suisse Group AG has a consensus rating of “Hold” and an average price target of $17.28.

The stock’s market capitalization is $27.45 billion. The stock has a 50 day moving average of $12.53 and a 200-day moving average of $13.12.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/credit-suisse-group-ag-cs-shares-gap-up-to-12-86.html

A number of large investors have recently modified their holdings of the company. Highland Capital Management LLC increased its stake in shares of Credit Suisse Group AG by 2.9% in the second quarter. Highland Capital Management LLC now owns 68,346 shares of the company’s stock valued at $731,000 after buying an additional 1,900 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Credit Suisse Group AG by 4.3% in the second quarter. Commonwealth Equity Services Inc now owns 54,020 shares of the company’s stock valued at $578,000 after buying an additional 2,214 shares in the last quarter. US Bancorp DE increased its stake in shares of Credit Suisse Group AG by 16.4% in the second quarter. US Bancorp DE now owns 16,901 shares of the company’s stock valued at $182,000 after buying an additional 2,377 shares in the last quarter. Pacad Investment Ltd. increased its stake in shares of Credit Suisse Group AG by 14.3% in the second quarter. Pacad Investment Ltd. now owns 19,400 shares of the company’s stock valued at $208,000 after buying an additional 2,420 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its stake in shares of Credit Suisse Group AG by 15.9% in the second quarter. Morningstar Investment Services LLC now owns 20,268 shares of the company’s stock valued at $220,000 after buying an additional 2,779 shares in the last quarter. 2.57% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Group AG Company Profile

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.

5 Day Chart for NYSE:CS

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