JPMorgan Chase & Co. Boosts Credit Suisse Group (NYSE:CS) Price Target to CHF 6.80

Credit Suisse Group (NYSE:CSGet Rating) had its target price hoisted by JPMorgan Chase & Co. from CHF 6.60 to CHF 6.80 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “underweight” rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on CS. StockNews.com began coverage on shares of Credit Suisse Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. UBS Group decreased their price target on shares of Credit Suisse Group from CHF 8.50 to CHF 7.40 in a research note on Friday, March 11th. Zacks Investment Research downgraded shares of Credit Suisse Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 17th. Barclays decreased their price target on shares of Credit Suisse Group from CHF 9 to CHF 8.50 in a research note on Wednesday, January 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Credit Suisse Group from CHF 11 to CHF 8 in a report on Thursday, April 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Credit Suisse Group currently has an average rating of “Hold” and an average target price of $8.36.

Credit Suisse Group stock traded up $0.14 during trading on Thursday, reaching $6.77. The stock had a trading volume of 1,012,976 shares, compared to its average volume of 15,999,565. Credit Suisse Group has a 52-week low of $6.07 and a 52-week high of $11.19. The business has a 50 day moving average price of $7.39 and a 200 day moving average price of $8.76. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 3.59. The stock has a market cap of $17.95 billion, a PE ratio of -9.67 and a beta of 1.40.

Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in Credit Suisse Group by 278.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 44,799 shares of the financial services provider’s stock valued at $352,000 after buying an additional 32,951 shares during the period. Auxier Asset Management boosted its position in shares of Credit Suisse Group by 7.3% during the 1st quarter. Auxier Asset Management now owns 180,883 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 12,250 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Credit Suisse Group by 18.6% during the 1st quarter. Advisors Asset Management Inc. now owns 38,751 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 6,074 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Credit Suisse Group by 12.8% during the 1st quarter. Royal Bank of Canada now owns 777,971 shares of the financial services provider’s stock worth $6,108,000 after purchasing an additional 88,498 shares in the last quarter. Finally, Studio Investment Management LLC boosted its position in shares of Credit Suisse Group by 16.1% during the 1st quarter. Studio Investment Management LLC now owns 32,050 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 4,447 shares in the last quarter. 13.58% of the stock is currently owned by institutional investors and hedge funds.

About Credit Suisse Group (Get Rating)

Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services.

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