Commerzbank AG (CRZBY) received a Buy rating and a EUR7.00 price target from Kepler Capital analyst Carola Holtz on September 28. The company’s shares closed last Tuesday at $4.78.
According to TipRanks.com, Holtz has 0 stars on 0-5 stars ranking scale with an average return of -4.0% and a 50.7% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and PUMA SE NPV.
Commerzbank AG has an analyst consensus of Moderate Buy, with a price target consensus of $8.22.
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Based on Commerzbank AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.38 billion and net profit of $220 million. In comparison, last year the company earned revenue of $2.13 billion and had a net profit of $279 million.
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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.
