Commerzbank (OTCMKTS:CRZBY) Shares Gap Up – Still a Buy?

Commerzbank AG (OTCMKTS:CRZBY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $42.2680, but opened at $45.1401. Commerzbank shares last traded at $45.10, with a volume of 1,635 shares traded.

Analysts Set New Price Targets

Several research firms have weighed in on CRZBY. Deutsche Bank Aktiengesellschaft cut Commerzbank from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Citigroup restated a “neutral” rating on shares of Commerzbank in a research note on Monday, September 28th. Royal Bank Of Canada lowered Commerzbank from a “moderate buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, DZ Bank cut Commerzbank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 5th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Commerzbank Trading Up 0.9%

The company has a debt-to-equity ratio of 1.62, a current ratio of 0.45 and a quick ratio of 12.24. The stock has a market capitalization of $47.18 billion, a PE ratio of 13.50 and a beta of 0.60. The stock’s 50 day simple moving average is $44.91 and its two-hundred day simple moving average is $42.38.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its position in Commerzbank stock. GAMMA Investing LLC boosted its position in Commerzbank AG (OTCMKTS:CRZBY) by 5.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,201 shares of the financial services provider’s stock after buying an additional 324 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Commerzbank

Commerzbank AG is a German banking group headquartered in Frankfurt. Founded in Hamburg in 1870, it provides financial services to individuals, small and midsize businesses, and corporate clients.

Its services include checking and savings accounts, payments, lending, investment and securities services, and financing for businesses. For corporate customers, the bank also offers services such as trade finance, cash management, and support for international business activities.

Commerzbank’s business is centered on Germany, with operations and services in other markets, including through its Polish subsidiary mBank.