Credit Suisse Group (CS) : Analyst Rating Update

Credit Suisse Group (CS) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Credit Suisse Group (CS). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.5.

Credit Suisse Group (NYSE:CS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.16 and $10.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.32, notching a gain of 0.49% for the day. The total traded volume was 4,788,494 . The stock had closed at $10.27 on the previous day.

Also, RBC Capital downgrades its rating on Credit Suisse Group (NYSE:CS). Analysts at the RBC Capital have a current rating of Sector Perform on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 28, 2016. The company shares have dropped -62.19% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $29.99 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $12.71 and the 200 Day Moving Average price is recorded at $15.09.

Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients. The Private Banking & Wealth Management comprises the Wealth Management Clients, Corporate & Institutional Clients and Asset Management businesses. Asset Management offers a range of investment products and solutions across asset classes and for all investment styles, serving governments, institutions, corporations and individuals across the world. Investment Banking offers investment banking and securities products and services to corporate, institutional and government clients around the world. Its products and services include debt and equity underwriting, sales and trading, M&A advice, divestitures, corporate sales, restructuring and investment research.

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