Commerzbank AG Upgraded by RBC Capital to Sector Perform (CBK)

RBC Capital upgraded shares of Commerzbank AG (ETR: CBK) to a sector perform rating in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has €8.50 ($11.04) price target on the stock.

A number of other firms have also recently commented on CBK. Analysts at JP Morgan Cazenove cut their price target on shares of Commerzbank AG from €10.20 ($13.25) to €8.74 ($11.35) in a research note to investors on Thursday, May 23rd. They now have a neutral rating on the stock. Separately, analysts at Credit Suisse reiterated a neutral rating on shares of Commerzbank AG in a research note to investors on Thursday, May 23rd. They now have a €8.71 ($11.31) price target on the stock. Finally, analysts at Nomura downgraded shares of Commerzbank AG to a reduce rating in a research note to investors on Wednesday, May 22nd. They now have a €6.80 ($8.83) price target on the stock.

Twelve equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €4.54 ($5.90).

Shares of Commerzbank AG (ETR: CBK) opened at 8.123 on Tuesday. Commerzbank AG has a one year low of €6.8061 and a one year high of €13.0737. The stock’s 50-day moving average is currently €0..

COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.

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