Warburg Research Sticks to Its Buy Rating for Commerzbank AG (CRZBY)

Warburg Research analyst Andreas Plaesier maintained a Buy rating on Commerzbank AG (CRZBYResearch Report) on January 31 and set a price target of EUR11.60. The company’s shares closed yesterday at $11.58.

According to TipRanks, Plaesier is ranked #2119 out of 8263 analysts.

Currently, the analyst consensus on Commerzbank AG is a Moderate Buy with an average price target of $11.04.

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CRZBY market cap is currently $14.43B and has a P/E ratio of 9.53.

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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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