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Commerzbank (ETR:CBK) Increased to Buy Rating by Norddeutsche Landesbank. The Target Price per Share is EUR 9.75

London Commerzbank ETR:CBK

Commerzbank (ETR:CBK) Rating Change

Norddeutsche Landesbank upgraded shares of Commerzbank (ETR:CBK) to Buy rating in an analyst report sent to investors and clients on 12 February. The firm currently has a EUR 9.75 price target on the stock. Norddeutsche Landesbank’s price target would suggest a potential upside of 29.48 % from the stock’s last stock price.

The stock rating upgrade is well received by investors, as ETR:CBK is right now trading 18.02% higher at EUR 7.54 as of 16:34 Frankfurt time. Commerzbank shares have declined -40.47% over the past 200 days, while the S&P500 has declined -11.49% in the same time period.

ETR:CBK Price Chart & Trend

The stock price of Commerzbank declined 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. Commerzbank (ETR:CBK) Increased to Buy Rating by Norddeutsche Landesbank. The Target Price per Share is EUR 9.75

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

CBK Stock Chart

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 Commerzbank (ETR:CBK) Increased to Buy Rating by Norddeutsche Landesbank. The Target Price per Share is EUR 9.75 appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Commerzbank (ETR:CBK) Increased to Buy Rating by Norddeutsche Landesbank. The Target Price per Share is EUR 9.75

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