What’s in Credit Suisse Group AG (ADR) (CS) After Touching 52-Week High?

November 21, 2017 - By Maria Brooks

The stock of Credit Suisse Group AG (ADR) (NYSE:CS) hit a new 52-week high and has $17.43 target or 6.00 % above today’s $16.44 share price. The 7 months bullish chart indicates low risk for the $41.87B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $17.43 price target is reached, the company will be worth $2.51B 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.

About 840,598 shares traded. Credit Suisse Group AG (ADR) (NYSE:CS) has risen 6.69% since November 21, 2016 and is uptrending. It has underperformed by 10.01% the S&P500.

Credit Suisse Group AG (ADR) (NYSE:CS) Ratings Coverage

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Credit Suisse Group Ag has $29.30 highest and $16 lowest target. $22.65’s average target is 37.77% above currents $16.44 stock price. Credit Suisse Group Ag had 21 analyst reports since July 28, 2015 according to SRatingsIntel. The company was upgraded on Thursday, December 8 by JP Morgan. On Thursday, November 10 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The stock has “Hold” rating by TheStreet on Tuesday, July 28. The rating was upgraded by Morgan Stanley on Friday, February 17 to “Overweight”. The rating was upgraded by Vetr on Wednesday, August 26 to “Hold”. The firm has “Overweight” rating by JP Morgan given on Monday, June 26. The rating was downgraded by Barclays Capital on Thursday, June 9 to “Equal-Weight”. On Monday, June 27 the stock rating was downgraded by JP Morgan to “Underweight”. UBS upgraded the shares of CS in report on Thursday, May 19 to “Buy” rating. As per Friday, January 13, the company rating was downgraded by Macquarie Research.

More news for Credit Suisse Group AG (ADR) (NYSE:CS) were recently published by: Investorplace.com, which released: “Credit Suisse Group AG (ADR) (CS) Faces Major Tax Evasion Probe” on March 31, 2017. Digitaljournal.com‘s article titled: “NYSE:CS Investor Alert: Investigation over Potential Securities Laws …” and published on November 15, 2017 is yet another important article.

Credit Suisse Group AG is a financial services company. The company has market cap of $41.87 billion. The Company’s divisions include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It currently has negative earnings. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

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