Kepler Capital Upgrades Commerzbank AG (CRZBY) to Buy

Kepler Capital analyst Benoit Petrarque upgraded Commerzbank AG (CRZBYResearch Report) to Buy on April 8 and set a price target of EUR6.90. The company’s shares closed last Friday at $5.96.

According to TipRanks.com, Petrarque is a 5-star analyst with an average return of 34.0% and a 91.1% success rate. Petrarque covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Helgeland Sparebank, and Erste Group Bank AG.

Currently, the analyst consensus on Commerzbank AG is a Hold with an average price target of $7.08.

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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 5,871.

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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.