Kepler Capital analyst Christoffer Adams upgraded Commerzbank AG (CRZBY) to Buy on September 21 and set a price target of EUR7.00. The company’s shares closed last Thursday at $4.73.
According to TipRanks.com, Adams has 0 stars on 0-5 stars ranking scale with an average return of -6.1% and a 43.1% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Erste Group Bank AG.
Currently, the analyst consensus on Commerzbank AG is a Moderate Buy with an average price target of $8.17.
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Commerzbank AG’s market cap is currently $6.23B and has a P/E ratio of 34.20. The company has a Price to Book ratio of 0.22.
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Commerzbank operates primarily in Europe. Germany, the group’s home country, contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.
