Barclays Remains a Hold on Commerzbank AG (CRZBY)

In a report released on November 10, Amit Goel from Barclays maintained a Hold rating on Commerzbank AG (CRZBYResearch Report), with a price target of EUR9.00. The company’s shares closed yesterday at $7.94.

According to TipRanks, Goel is an analyst with an average return of -4.2% and a 44.95% success rate. Goel covers the Financial sector, focusing on stocks such as Deutsche Bank AG, Commerzbank AG, and UBS Group AG.

Commerzbank AG has an analyst consensus of Hold, with a price target consensus of $9.30, implying a 17.13% upside from current levels. In a report released on November 9, J.P. Morgan also maintained a Hold rating on the stock with a EUR9.30 price target.

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CRZBY market cap is currently $9.81B and has a P/E ratio of 5.49.

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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.

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