Warburg Research analyst Andreas Plaesier maintained a Hold rating on Commerzbank AG (CRZBY – Research Report) on August 2 and set a price target of EUR7.65. The company’s shares closed last Wednesday at $6.99.
According to TipRanks.com, Plaesier is ranked #1938 out of 7991 analysts.
Commerzbank AG has an analyst consensus of Hold, with a price target consensus of $7.45, representing a 6.7% upside. In a report issued on July 22, Barclays also maintained a Hold rating on the stock with a EUR7.00 price target.
The company has a one-year high of $10.55 and a one-year low of $5.70. Currently, Commerzbank AG has an average volume of 1,490.
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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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