Commerzbank (OTCMKTS:CRZBY – Get Rating) had its price objective lifted by JPMorgan Chase & Co. from €7.80 ($8.13) to €8.20 ($8.54) in a research report sent to investors on Thursday, The Fly reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.
A number of other research analysts also recently weighed in on CRZBY. Royal Bank of Canada raised their price target on Commerzbank from C$8.20 to C$8.50 and gave the company a sector perform rating in a research note on Sunday, May 15th. Morgan Stanley raised their price target on Commerzbank from €9.10 ($9.48) to €11.70 ($12.19) and gave the company an overweight rating in a research note on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Commerzbank from €11.00 ($11.46) to €10.00 ($10.42) and set a buy rating for the company in a research note on Wednesday, April 20th. Societe Generale upgraded Commerzbank from a sell rating to a hold rating and set a €9.00 ($9.38) price target for the company in a research note on Friday, February 11th. Finally, Zacks Investment Research downgraded Commerzbank from a hold rating to a sell rating in a research note on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $9.37.
Commerzbank stock traded up $0.42 during midday trading on Thursday, reaching $7.63. The stock had a trading volume of 21,880 shares, compared to its average volume of 74,263. The firm’s fifty day simple moving average is $7.22 and its 200-day simple moving average is $7.83. Commerzbank has a 1-year low of $5.85 and a 1-year high of $10.55.
Commerzbank Company Profile (Get Rating)
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
- Get a free copy of the StockNews.com research report on Commerzbank (CRZBY)
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