Commerzbank (ETR:CBK) Rating Upgrade

Commerzbank (ETR:CBK)’s Stock was upped to “Buy” by equity analysts at Norddeutsche Landesbank, who have a TP of EUR 10.00 on CBK. Norddeutsche Landesbank’s target is 23.30 % from CBK’s last price.

The rating upgrade is well-received by stock traders, as ETR:CBK is currently trading 0.43% higher at EUR 8.13 as of 01:19 Frankfurt time. Commerzbank’s stock is down -34.14% over the past 200 days. It has underperformed the S&P 500, which has declined -5.84% over the same time period.

ETR:CBK Price Chart & Trend

The stock price of Commerzbank went down 34.14% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Commerzbank is down 17.73% and down 20.42%, 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 0.43% on 7 March, hitting EUR 8.13. A total of 12.27 million shares of the company’s stock traded hands. This is down from average of 13.48 million 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) Lost Its Old Stock Rating for Upped “Buy” One. The Stock Has EUR 10.00 Target Price per Share appeared first on Octafinance.