Credit Suisse Group AG (NYSE:CS) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 5,550,000 shares, a decrease of 28.8% from the September 30th total of 7,790,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,540,000 shares, the days-to-cover ratio is currently 2.2 days.
CS stock traded up $0.17 during trading on Friday, reaching $13.02. The stock had a trading volume of 1,408,521 shares, compared to its average volume of 2,769,142. Credit Suisse Group has a 52 week low of $10.23 and a 52 week high of $13.62. The stock’s 50 day moving average is $12.34 and its two-hundred day moving average is $12.07. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.51. The firm has a market cap of $32.70 billion, a PE ratio of 15.50, a PEG ratio of 0.61 and a beta of 1.42.
A number of research analysts have weighed in on CS shares. Goldman Sachs Group reissued a “buy” rating on shares of Credit Suisse Group in a report on Monday, November 4th. Exane BNP Paribas raised Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Barclays reissued a “neutral” rating and issued a $24.30 target price on shares of Credit Suisse Group in a report on Thursday, October 24th. UBS Group reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, October 15th. Finally, BNP Paribas raised Credit Suisse Group from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.43.
Credit Suisse Group Company Profile
Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. 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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