Commerzbank (OTCMKTS:CRZBY) PT Raised to €9.50 at Berenberg Bank

Commerzbank (OTCMKTS:CRZBYGet Rating) had its target price raised by Berenberg Bank from €7.00 ($7.14) to €9.50 ($9.69) in a research report sent to investors on Tuesday morning, The Fly reports.

CRZBY has been the topic of several other research reports. Royal Bank of Canada boosted their price objective on shares of Commerzbank from €7.50 ($7.65) to €8.00 ($8.16) and gave the stock a sector perform rating in a report on Monday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Commerzbank from €11.00 ($11.22) to €12.00 ($12.24) in a research report on Monday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Commerzbank from €8.60 ($8.78) to €9.30 ($9.49) in a research report on Friday, November 11th. Finally, Barclays lifted their target price on shares of Commerzbank from €8.00 ($8.16) to €9.00 ($9.18) in a research report on Monday, November 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $9.68.

Commerzbank Trading Up 0.1 %

Shares of CRZBY opened at $8.31 on Tuesday. The company’s fifty day moving average price is $7.77 and its 200 day moving average price is $7.40. Commerzbank has a one year low of $5.70 and a one year high of $10.55.

Commerzbank (OTCMKTS:CRZBYGet Rating) last posted its quarterly earnings data on Wednesday, November 9th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.12). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.62 billion. As a group, equities analysts predict that Commerzbank will post 1.31 EPS for the current year.

Commerzbank Company Profile

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Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

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