Commerzbank AG’s Reduce Rating Reaffirmed at Oddo & Cie (CBK)
Commerzbank AG (ETR: CBK)‘s stock had its “reduce” rating reiterated by equities research analysts at Oddo & Cie in a research note issued to investors on Wednesday. They currently have a $1.82 (€1) price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated an “add” rating on shares of Commerzbank AG in a research note to investors on Thursday, February 21st. They now have a $2.19 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Commerzbank AG in a research note to investors on Friday, February 15th. They now have a $1.60 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Commerzbank AG in a research note to investors on Tuesday, February 12th. They now have a $2.00 price target on the stock.
Shares of Commerzbank AG traded up 0.56% during mid-day trading on Wednesday, hitting €1.426. Commerzbank AG has a 52 week low of €1.119 and a 52 week high of €2.039. 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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