Commerzbank AG (CRZBY)

[Enterprising Investor]

Commerzbank AG Receives Hold Rating from Deutsche Bank (6/14/13)

Deutsche Bank restated their hold rating on shares of Commerzbank AG (ETR: CBK) in a report issued on Wednesday, Analyst Ratings Network.com reports. They currently have a €9.00 ($11.69) target price on the stock.

A number of other firms have also recently commented on CBK. Analysts at RBC Capital upgraded shares of Commerzbank AG to a sector perform rating in a research note to investors on Tuesday, May 28th. They now have a €8.50 ($11.04) price target on the stock. Separately, analysts at JP Morgan Cazenove cut their price target on shares of Commerzbank AG from €10.20 ($13.25) to €8.74 ($11.35) in a research note to investors on Thursday, May 23rd. They now have a neutral rating on the stock. Finally, analysts at Credit Suisse reiterated a neutral rating on shares of Commerzbank AG in a research note to investors on Thursday, May 23rd. They now have a €8.71 ($11.31) price target on the stock.

Twelve analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of €5.13 ($6.66).

Commerzbank AG (ETR: CBK) opened at 7.502 on Wednesday. Commerzbank AG has a 1-year low of €6.8061 and a 1-year high of €13.0737. The stock’s 50-day moving average is currently €0..

COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.

http://www.watchlistnews.com/2013/06/14/commerzbank-ag-receives-hold-rating-from-deutsche-bank-cbk/