Credit Suisse Group (NYSE:CS) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Credit Suisse Group (NYSE:CSFree Report) in a research report report published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Separately, Royal Bank of Canada restated an outperform rating and set a $8.00 target price on shares of Credit Suisse Group in a report on Tuesday, November 28th.

Check Out Our Latest Analysis on CS

Credit Suisse Group Price Performance

Shares of Credit Suisse Group stock opened at $0.89 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.53 and a current ratio of 1.53. Credit Suisse Group has a 52-week low of $0.82 and a 52-week high of $6.36. The company’s 50 day moving average price is $0.89 and its 200-day moving average price is $0.89. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 1.37 and a beta of 1.27.

Hedge Funds Weigh In On Credit Suisse Group

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in shares of Credit Suisse Group by 20.8% during the first quarter. Ameriprise Financial Inc. now owns 212,663 shares of the financial services provider’s stock valued at $189,000 after buying an additional 36,599 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Credit Suisse Group by 17.3% in the 1st quarter. JPMorgan Chase & Co. now owns 182,501 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 26,887 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Credit Suisse Group by 45,035.2% in the first quarter. Advisory Services Network LLC now owns 48,746 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 48,638 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Credit Suisse Group during the first quarter valued at $904,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Credit Suisse Group during the first quarter valued at $27,000. Hedge funds and other institutional investors own 11.20% of the company’s stock.

About Credit Suisse Group

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Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions: Wealth Management, Investment Bank, Swiss Bank and Asset Management and four geographic regions: Switzerland, Europe, the Middle East and Africa (EMEA), Asia Pacific, and Americas.

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