Kepler Capital analyst Christoffer Adams upgraded Commerzbank AG (CRZBY – Research Report) to Buy on February 25 and set a price target of EUR6.90. The company’s shares closed last Friday at $6.54, close to its 52-week high of $7.17.
According to TipRanks.com, Adams is a 4-star analyst with an average return of 6.1% and a 60.4% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Helgeland Sparebank.
Currently, the analyst consensus on Commerzbank AG is a Hold with an average price target of $6.64.
The company has a one-year high of $7.17 and a one-year low of $3.09. Currently, Commerzbank AG has an average volume of 4,067.
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Commerzbank operates primarily in Europe. Germany, the group’s home country, contributes about 70% to total income. The bank operates two business segments: private and small-business customers as well as corporate clients. In its private and small-business segment, the group runs its branch business, a mobile bank with a focus on the Polish market, an online broker, and an asset manager for physical assets. Its corporate client business provides cash management and trade finance solutions to small and medium-size enterprises and large corporates.