Commerzbank (ETR:CBK) Rating Upgrade

In an analyst note sent to investors and clients on 12 February, Societe Generale boosted shares of Commerzbank (ETR:CBK) to “Buy” rating. Societe Generale currently has a EUR 12.00 target price per share on the stock. The firm target price per share means a potential upside of 59.36 % from Commerzbank (ETR:CBK)’s last price.

The company’s rating upgrade is welcomed by stock investors, as ETR:CBK is currently trading 18.02% higher at EUR 7.54 as of 16:35 Frankfurt time. Commerzbank’s stock is down -40.47% over the last 200 days. It has underperformed the S&P 500, which has dropped -11.49% over the same time period.

ETR:CBK Price Chart & Trend

The stock price of Commerzbank has dropped 40.47% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Commerzbank is down 26.39% and down 22.92%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Commerzbank (ETR:CBK) traded up 18.02% on 12 February, hitting EUR 7.54. A total of 36.38M shares of the company’s stock traded hands. This is up from average of 11.17M shares. Commerzbank has a 52 week low of EUR 6.20 and a 52 week high of EUR 13.39. The company has a market cap of EUR and a P/E ratio of 0.

Get the latest Commerzbank (ETR:CBK) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Frankfurt: Commerzbank (ETR:CBK) Rating Upped to “Buy” at Societe Generale with EUR 12.00 Target Price per Share appeared first on Octafinance.