Credit Suisse Group (CS) Downgraded by Societe Generale to Hold

Credit Suisse Group (NYSE:CS) was downgraded by equities research analysts at Societe Generale from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

CS has been the subject of several other research reports. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Wednesday, September 13th. Macquarie raised Credit Suisse Group from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 15th. Royal Bank of Canada raised Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a report on Friday, October 6th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 20th. Finally, UBS Group reissued a “buy” rating on shares of Credit Suisse Group in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.00.

Shares of Credit Suisse Group (NYSE:CS) traded up $0.07 on Tuesday, reaching $18.17. The company had a trading volume of 1,771,400 shares, compared to its average volume of 1,950,360. Credit Suisse Group has a 52 week low of $13.28 and a 52 week high of $18.34. The stock has a market cap of $46,450.00, a price-to-earnings ratio of -23.29 and a beta of 1.51. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 4.09.

Institutional investors have recently added to or reduced their stakes in the business. Earnest Partners LLC lifted its holdings in shares of Credit Suisse Group by 19.9% during the second quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock valued at $104,202,000 after purchasing an additional 1,185,069 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Credit Suisse Group by 22.8% during the third quarter. Tocqueville Asset Management L.P. now owns 1,423,532 shares of the financial services provider’s stock valued at $22,492,000 after purchasing an additional 264,053 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Credit Suisse Group by 14.1% during the third quarter. Parametric Portfolio Associates LLC now owns 2,057,652 shares of the financial services provider’s stock valued at $32,511,000 after purchasing an additional 254,174 shares in the last quarter. FIL Ltd lifted its holdings in shares of Credit Suisse Group by 51.8% during the second quarter. FIL Ltd now owns 741,692 shares of the financial services provider’s stock valued at $10,829,000 after purchasing an additional 252,979 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Credit Suisse Group during the third quarter valued at $3,690,000. 2.84% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by American Market News and is the property of of American Market News. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/09/credit-suisse-group-cs-downgraded-by-societe-generale-to-hold.html.

Credit Suisse Group Company Profile

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.