Commerzbank AG (OTCMKTS:CRZBY) Receives Average Analyst Rating of “Hold”

Shares of Commerzbank AG (OTCMKTS:CRZBY – Get a rating) received a consensus recommendation of “Hold” from the twelve brokerages that currently cover the company, reports Marketbeat.com. One analyst rated the stock with a sell recommendation, eight gave the company a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $9.64.

Several research analysts have published reports on CRZBY shares. Morgan Stanley raised its price target on Commerzbank shares from €9.10 ($9.58) to €11.70 ($12.32) and gave the stock an ‘overweight’ rating in a report Tuesday, February 15. JPMorgan Chase & Co. cut its price target on Commerzbank shares from €8.80 ($9.26) to €7.80 ($8.21) and set a “neutral” rating for the company in a research note from Monday, March 14. Barclays upgraded Commerzbank shares from an “underweight” to an “equally weighted” rating in a Monday, February 21 research report. Deutsche Bank Aktiengesellschaft lowered its price target on Commerzbank shares from €11.00 ($11.58) to €10.00 ($10.53) and set a “buy” rating for the company in a research report from Wednesday, April 20. Finally, Societe Generale upgraded Commerzbank’s shares from a “sell” to a “hold” rating and set a target price of €9.00 ($9.47) on the stock in a Friday report. February 11th.

A hedge fund recently bought a new stake in Commerzbank shares. Yousif Capital Management LLC has acquired a new stake in Commerzbank AG (OTCMKTS:CRZBY – Get a rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,400 shares of the financial services provider, valued at around $147,000.

Shares of OTCMKTS CRZBY opened at $6.46 on Friday. Commerzbank has a 1-year low of $5.85 and a 1-year high of $10.55. The company has a 50-day moving average of $7.19 and a 200-day moving average of $7.84.

About Commerzbank (Get a rating)

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; trade 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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Analyst Recommendations for Commerzbank (OTCMKTS: CRZBY)

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