Commerzbank AG (ETR: CBK)‘s stock had its “underweight” rating restated by analysts at Grupo Santander in a research report issued to clients and investors on Thursday. They currently have a $1.49 (€1) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at Equinet Institutional Services reiterated a “buy” rating on shares of Commerzbank AG in a research note to investors on Wednesday. They now have a $2.73 price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Commerzbank AG in a research note to investors on Thursday, March 7th. They now have a $1.95 price target on the stock. Finally, analysts at Barclays Capital reiterated an “underweight” rating on shares of Commerzbank AG in a research note to investors on Monday, March 4th. They now have a $1.69 price target on the stock.
Shares of Commerzbank AG traded down 5.04% during mid-day trading on Thursday, hitting €1.205. Commerzbank AG has a 52 week low of €1.119 and a 52 week high of €1.995. The stock’s 50-day moving average is currently €1.43.
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.
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