Shares of Commerzbank AG (OTCMKTS:CRZBY – Get a rating) received an average rating of “Hold” from the eight brokerages that currently cover the business, Marketbeat reports. Four equity research analysts rated the stock with a hold rating and two issued a buy rating on the company. The 12-month average price target among brokers who have rated the stock over the past year is $9.67.
A number of research analysts have recently released reports on CRZBY shares. Deutsche Bank Aktiengesellschaft raised its price target on Commerzbank shares from €10.00 ($10.20) to €11.00 ($11.22) in a Monday, May 23 research report. Societe Generale upgraded Commerzbank shares from a “hold” to a “buy” rating in a Monday, May 23 research report. JPMorgan Chase & Co. raised its price target on Commerzbank shares from €7.80 ($7.96) to €8.20 ($8.37) and gave the company a “neutral” rating in a research report from Thursday, May 19. UBS Group raised its price target on Commerzbank shares from €8.60 ($8.78) to €8.90 ($9.08) in a Thursday, July 21 research report. Finally, Royal Bank of Canada raised its price target on Commerzbank shares from C$8.20 to C$8.50 and gave the stock an “sector performance” rating in a research report. from Sunday, May 15.
Institutional entries and exits
A hedge fund recently increased its stake in Commerzbank shares. Henry James International Management Inc. increased its holdings of shares in Commerzbank AG (OTCMKTS:CRZBY – Get a rating) by 26.2% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 27,430 shares of the financial services provider after acquiring an additional 5,687 shares during the period. Henry James International Management Inc.’s holdings in Commerzbank were worth $208,000 at the end of the most recent reporting period.
Commerzbank Price Performance
Shares of CRZBY opened at $6.11 on Friday. The company’s fifty-day moving average price is $6.84 and its 200-day moving average price is $7.47. Commerzbank has a 1-year low of $5.70 and a 1-year high of $10.55.
Commerzbank Company Profile
Commerzbank AG provides banking and capital markets services to private and small business clients, multinational groups, financial service providers and institutional clients worldwide. It operates through two segments, Private and Small Business Customers, and Enterprise Customers. The Company offers accounts, trade payments, payment activation, clearing and custody, and other services; commercial services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain finance, buyer credit and package services; and bilateral loans, club agreements, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments and Islamic financing services.
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