Commerzbank AG (OTCMKTS:CRZBY) Receives Average Rating of “Moderate Buy” from Analysts

Commerzbank AG (OTCMKTS:CRZBY – Get Rating) has earned a consensus recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.56.

Several research analysts recently issued reports on CRZBY shares. JPMorgan Chase & Co. upped their price target on shares of Commerzbank from €9.30 ($10.00) to €9.80 ($10.54) and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Berenberg Bank upped their price objective on Commerzbank from €7.00 ($7.53) to €9.50 ($10.22) in a report on Tuesday, November 22nd.

Commerzbank Stock Down 7.8 %

CRZBY stock opened at $10.22 on Thursday. The business has a fifty day moving average price of $11.10 and a 200 day moving average price of $9.07. Commerzbank has a fifty-two week low of $5.70 and a fifty-two week high of $12.75.

Commerzbank Company Profile

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Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, and Others & Consolidation. The Private and Small-Businesses Customers segment is comprised of the universal bank services for private and small-business customers, online securities transactions, and asset management.