Royal Bank of Canada downgraded shares of Credit Suisse Group (NYSE:CS) from an outperform rating to a sector perform rating in a research report report published on Friday, MarketBeat Ratings reports.
Other equities analysts have also issued research reports about the stock. Deutsche Bank reiterated a buy rating on shares of Credit Suisse Group in a research report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Credit Suisse Group from a sell rating to a buy rating and set a $17.00 target price for the company in a research report on Tuesday, August 21st. JPMorgan Chase & Co. reissued a buy rating on shares of Credit Suisse Group in a report on Tuesday, September 4th. ValuEngine raised shares of Credit Suisse Group from a sell rating to a hold rating in a report on Thursday, August 2nd. Finally, Societe Generale reissued a hold rating on shares of Credit Suisse Group in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Credit Suisse Group currently has an average rating of Buy and a consensus target price of $16.50.
Shares of CS opened at $11.79 on Friday. The stock has a market capitalization of $30.57 billion, a P/E ratio of 21.83 and a beta of 1.37. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.39 and a quick ratio of 1.39. Credit Suisse Group has a 52-week low of $11.69 and a 52-week high of $19.98.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. 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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