Commerzbank AG Stock Rating Lowered by Kepler Capital Markets (CRZBY)
Kepler Capital Markets lowered shares of Commerzbank AG (NASDAQ: CRZBY) from a buy rating to a reduce rating in a report released on Thursday. Kepler Capital Markets currently has $0.70 target price on the stock, down from their previous target price of $2.00.
Commerzbank AG (NASDAQ: CRZBY) opened at 1.595 on Thursday. Commerzbank AG has a 52-week low of $1.34 and a 52-week high of $2.66. The stock’s 50-day moving average is currently $1.97. The company has a market cap of $9.295 billion and a price-to-earnings ratio of 1595.00.
Separately, analysts at Equinet Bank downgraded shares of Commerzbank AG from a buy rating to a sell rating in a research note to investors on Thursday.
One investment analyst has rated the stock with a buy rating, two have assigned an overweight rating, ten have issued a hold rating, three have issued an underweight rating, and fifteen have assigned a sell rating to the company’s stock. The stock has an average rating of underweight and an average target price of $1.69.
Commerzbank AG is a Germany-based bank engaged in the provision of services to private and corporate customers in Germany.
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