Commerzbank AG (CRZBY) received a Buy rating and a EUR7.00 price target from Kepler Capital analyst Christoffer Adams on November 18. The company’s shares closed last Thursday at $5.91.
According to TipRanks.com, Adams is a 1-star analyst with an average return of -0.1% and a 53.5% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Helgeland Sparebank.
Currently, the analyst consensus on Commerzbank AG is a Moderate Buy with an average price target of $7.30.
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Based on Commerzbank AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.09 billion and GAAP net loss of $69 million. In comparison, last year the company earned revenue of $2.16 billion and had a net profit of $297 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.
