Commerzbank’s (CBK) “Buy” Rating Reiterated at Citigroup

Citigroup reiterated their buy rating on shares of Commerzbank (ETR:CBK) in a research note released on Tuesday, December 19th.

Several other research firms have also recently weighed in on CBK. UBS Group reiterated a neutral rating on shares of Commerzbank in a research note on Monday, December 11th. Morgan Stanley set a €11.10 ($13.21) target price on shares of Commerzbank and gave the company a neutral rating in a research note on Wednesday, December 13th. Royal Bank of Canada set a €9.00 ($10.71) price target on shares of Commerzbank and gave the stock a neutral rating in a research note on Friday, December 8th. Deutsche Bank set a €10.50 ($12.50) price target on shares of Commerzbank and gave the stock a neutral rating in a research note on Monday, December 18th. Finally, HSBC set a €12.00 ($14.29) price target on shares of Commerzbank and gave the stock a neutral rating in a research note on Monday, December 18th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of €10.52 ($12.52).

Commerzbank (ETR:CBK) traded down €0.21 ($0.25) during mid-day trading on Tuesday, reaching €13.27 ($15.80). 10,087,046 shares of the company’s stock were exchanged, compared to its average volume of 9,060,000. Commerzbank has a one year low of €6.97 ($8.30) and a one year high of €13.54 ($16.12).

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