Commerzbank (OTCMKTS:CRZBY) Shares Cross Above Fifty Day Moving Average of $10.94

Commerzbank AG (OTCMKTS:CRZBY – Get Rating)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.94 and traded as high as $12.56. Commerzbank shares last traded at $12.48, with a volume of 21,257 shares trading hands.

Analyst Ratings Changes

CRZBY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Commerzbank from €11.00 ($11.70) to €12.00 ($12.77) in a research note on Monday, November 14th. JPMorgan Chase & Co. lifted their target price on Commerzbank from €9.30 ($9.89) to €9.80 ($10.43) and gave the stock a “neutral” rating in a research report on Wednesday, December 7th. Royal Bank of Canada lifted their target price on Commerzbank from €7.50 ($7.98) to €8.00 ($8.51) and gave the stock a “sector perform” rating in a research report on Monday, November 14th. Barclays lifted their target price on Commerzbank from €8.00 ($8.51) to €9.00 ($9.57) in a research report on Monday, November 14th. Finally, Berenberg Bank lifted their target price on Commerzbank from €7.00 ($7.45) to €9.50 ($10.11) in a research report on Tuesday, November 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Commerzbank currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.56.

Commerzbank Price Performance

The stock has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $8.90.

About Commerzbank

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Commerzbank AG engages in the provision of commercial banking services. It operates through the following business segments: Private and Small-Businesses Customers, Corporate Clients, and Others & Consolidation. The Private and Small-Businesses Customers segment is comprised of the universal bank services for private and small-business customers, online securities transactions, and asset management.