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Thursday 18 April 2013

Commerzbank AG Stock Rating Target Price

Commerzbank AG Stock Rating Target Price : Commerzbank AG (ETR: CBK)‘s stock had its “reduce” rating reaffirmed by research analysts at Oddo & Cie in a report released on Thursday, Stock Ratings Network.com reports. They currently have a €1.40 ($1.84) target price on the stock.

Shares of Commerzbank AG (ETR: CBK) traded down 0.95% during mid-day trading on Thursday, hitting €1.142. Commerzbank AG has a 52 week low of €1.114 and a 52 week high of €1.748. The stock’s 50-day moving average is currently €1.43.

A number of other firms have also recently commented on CBK. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Commerzbank AG in a research note to investors on Wednesday. They now have a €1.30 ($1.71) price target on the stock. Separately, analysts at AlphaValue reiterated a “sell” rating on shares of Commerzbank AG in a research note to investors on Friday, April 5th. They now have a €0.99 ($1.31) price target on the stock. Finally, analysts at AlphaValue reiterated a “sell” rating on shares of Commerzbank AG in a research note to investors on Thursday, March 28th. They now have a €1.00 ($1.31) price target on the stock.

Ten equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €1.40 ($1.84).

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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