DZ Bank Reaffirms Buy Rating for Commerzbank (CBK)

Commerzbank (ETR:CBK)‘s stock had its “buy” rating reissued by equities researchers at DZ Bank in a report released on Wednesday.

A number of other analysts have also recently commented on CBK. Morgan Stanley set a €9.50 ($11.05) price target on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, November 27th. UBS Group set a €10.20 ($11.86) price target on shares of Commerzbank and gave the company a “buy” rating in a research note on Thursday, February 14th. Kepler Capital Markets set a €5.50 ($6.40) price target on shares of Commerzbank and gave the company a “sell” rating in a research note on Thursday, February 14th. Deutsche Bank set a €8.00 ($9.30) price target on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, February 26th. Finally, Independent Research set a €7.00 ($8.14) price target on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €9.01 ($10.48).

Shares of CBK stock opened at €7.00 ($8.14) on Wednesday. The company has a market cap of $268.80 million and a P/E ratio of -8.62. Commerzbank has a 12 month low of €0.31 ($0.36) and a 12 month high of €13.82 ($16.07).

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 Private and Small-Business Customers; Corporate Clients; and Asset & Capital Recovery segments.

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