In a report issued on January 21, Anna Maria Benassi from Kepler Capital maintained a Buy rating on Commerzbank AG (CRZBY – Research Report), with a price target of EUR8.10. The company’s shares closed last Friday at $8.24.
According to TipRanks.com, Benassi is a top 100 analyst with an average return of 20.6% and a 79.4% success rate. Benassi covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Erste Group Bank AG, and Deutsche Bank AG.
The word on The Street in general, suggests a Hold analyst consensus rating for Commerzbank AG with a $8.28 average price target.
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The company has a one-year high of $8.96 and a one-year low of $5.67. Currently, Commerzbank AG has an average volume of 171.
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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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