Credit Suisse Group AG (CS) Can’t Be More Hot. Just Reaches 52-Week High

January 22, 2018 - By Clifton Ray

The stock of Credit Suisse Group AG (NYSE:CS) hit a new 52-week high and has $20.93 target or 9.00 % above today’s $19.20 share price. The 9 months bullish chart indicates low risk for the $47.85B company. The 1-year high was reported on Jan, 22 by Barchart.com. If the $20.93 price target is reached, the company will be worth $4.31B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.74% or $0.1401 during the last trading session, reaching $19.2001. About 1.18 million shares traded. Credit Suisse Group AG (NYSE:CS) has risen 6.69% since January 22, 2017 and is uptrending. It has underperformed by 10.01% the S&P500.

Credit Suisse Group AG (NYSE:CS) Ratings Coverage

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Credit Suisse Group Ag has $29.30 highest and $16 lowest target. $21.27’s average target is 10.78% above currents $19.2001 stock price. Credit Suisse Group Ag had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, February 5. The rating was downgraded by Barclays Capital to “Equal-Weight” on Thursday, June 9. Bank of America upgraded the shares of CS in report on Monday, November 14 to “Buy” rating. The firm has “Sell” rating by Barclays Capital given on Tuesday, January 16. The rating was upgraded by Keefe Bruyette & Woods on Thursday, November 10 to “Outperform”. The firm earned “Sector Perform” rating on Tuesday, June 28 by RBC Capital Markets. The firm has “Underweight” rating given on Monday, June 27 by JP Morgan. The firm has “Neutral” rating by Bank of America given on Friday, May 20. The stock of Credit Suisse Group AG (NYSE:CS) has “Overweight” rating given on Thursday, December 8 by JP Morgan. RBC Capital Markets upgraded the shares of CS in report on Friday, October 6 to “Outperform” rating.

More notable recent Credit Suisse Group AG (NYSE:CS) news were published by: Globenewswire.com which released: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit …” on January 05, 2018, also Businesswire.com with their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Credit Suisse …” published on January 07, 2018, Digitaljournal.com published: “DEADLINE ALERT: Brower Piven Reminds Investors Of Upcoming Deadline In Class …” on January 22, 2018. More interesting news about Credit Suisse Group AG (NYSE:CS) were released by: Investorplace.com and their article: “Credit Suisse Group AG (ADR) (CS) Faces Major Tax Evasion Probe” published on March 31, 2017 as well as Marketwatch.com‘s news article titled: “Credit Suisse profit rises, revenue up slightly” with publication date: July 28, 2017.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. The company has market cap of $47.85 billion. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets divisions. It currently has negative earnings. The firm offers advisory and financial solutions, such as structured advisory, investment advisory, discretionary asset management, mergers and acquisitions transactions, corporate sales and restructurings, divestitures, takeover defense strategies, equity and fixed income sales, trading, debt and equity securities, spin-offs, debt and equity underwritings, private placements, and derivative products, as well as proprietary and third-party services and products.

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