J.P. Morgan analyst Kian Abouhossein maintained a Hold rating on Commerzbank AG (CRZBY – Research Report) on August 3 and set a price target of EUR8.50. The company’s shares closed last Thursday at $7.23.
According to TipRanks.com, Abouhossein is a 5-star analyst with an average return of 12.6% and a 57.2% success rate. Abouhossein covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Deutsche Bank AG, and Morgan Stanley.
The word on The Street in general, suggests a Hold analyst consensus rating for Commerzbank AG with a $7.93 average price target, implying a 10.4% upside from current levels. In a report issued on July 22, Barclays also maintained a Hold rating on the stock with a EUR7.00 price target.
Commerzbank AG’s market cap is currently $9.08B and has a P/E ratio of 5.06.
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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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