In a report issued on October 19, Carola Holtz from Kepler Capital upgraded Commerzbank AG (CRZBY) to Buy, with a price target of EUR7.00. The company’s shares closed last Wednesday at $5.27.
According to TipRanks.com, Holtz has 0 stars on 0-5 stars ranking scale with an average return of -2.7% and a 49.7% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and Royal Ahold Delhaize.
Currently, the analyst consensus on Commerzbank AG is a Moderate Buy with an average price target of $7.29.
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Commerzbank AG’s market cap is currently $6.27B and has a P/E ratio of 31.50. The company has a Price to Book ratio of 0.21.
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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.
