DZ Bank Reiterates “Buy” Rating for Commerzbank (CBK)

Commerzbank (ETR:CBK)‘s stock had its “buy” rating restated by investment analysts at DZ Bank in a report issued on Wednesday, Borsen Zeitung reports.

A number of other analysts have also weighed in on CBK. Independent Research set a €9.50 ($11.05) price objective on shares of Commerzbank and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Financial Group set a €8.10 ($9.42) price target on shares of Commerzbank and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada set a €8.00 ($9.30) price target on shares of Commerzbank and gave the stock a “neutral” rating in a report on Wednesday. Kepler Capital Markets set a €5.80 ($6.74) price target on shares of Commerzbank and gave the stock a “sell” rating in a report on Monday, April 1st. Finally, JPMorgan Chase & Co. set a €8.75 ($10.17) price target on shares of Commerzbank and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Commerzbank presently has an average rating of “Hold” and a consensus target price of €9.08 ($10.55).

ETR:CBK opened at €7.48 ($8.70) on Wednesday. The firm has a market capitalization of $9.37 billion and a PE ratio of 10.82. Commerzbank has a 1-year low of €5.50 ($6.40) and a 1-year high of €11.06 ($12.86).



About Commerzbank

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.

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