Commerzbank (OTCMKTS:CRZBY) Lifted to Buy at Societe Generale

Commerzbank (OTCMKTS:CRZBYGet Rating) was upgraded by Societe Generale from a “hold” rating to a “buy” rating in a report released on Monday, The Fly reports.

Several other analysts have also recently weighed in on CRZBY. JPMorgan Chase & Co. raised their target price on shares of Commerzbank from €7.80 ($8.13) to €8.20 ($8.54) and gave the company a “neutral” rating in a report on Thursday. Morgan Stanley raised their target price on shares of Commerzbank from €9.10 ($9.48) to €11.70 ($12.19) and gave the stock an “overweight” rating in a research note on Tuesday, February 15th. UBS Group upgraded Commerzbank from a “neutral” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group assumed coverage on Commerzbank in a research report on Thursday, March 31st. They set a “neutral” rating and a €9.70 ($10.10) price target for the company. Finally, Zacks Investment Research raised shares of Commerzbank from a “sell” rating to a “hold” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.37.

Shares of CRZBY stock opened at $7.62 on Monday. The company has a 50 day moving average price of $7.23 and a 200 day moving average price of $7.83. Commerzbank has a fifty-two week low of $5.85 and a fifty-two week high of $10.55.

An institutional investor recently bought a new position in Commerzbank stock. Yousif Capital Management LLC acquired a new position in Commerzbank AG (OTCMKTS:CRZBYGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,400 shares of the financial services provider’s stock, valued at approximately $147,000.

About Commerzbank (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.

Recommended Stories

The Fly logo

Analyst Recommendations for Commerzbank (OTCMKTS:CRZBY)

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.