Commerzbank (ETR:CBK) Stock Crosses Above 200 Day Moving Average of $5.23

Commerzbank AG (ETR:CBK) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €5.23 ($6.15) and traded as high as €5.76 ($6.78). Commerzbank shares last traded at €5.61 ($6.60), with a volume of 6,724,920 shares changing hands.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group set a €6.20 ($7.29) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday. Credit Suisse Group set a €5.00 ($5.88) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Friday, February 12th. Morgan Stanley set a €6.00 ($7.06) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, February 17th. Kepler Capital Markets set a €6.90 ($8.12) target price on shares of Commerzbank and gave the stock a “buy” rating in a research report on Friday, January 29th. Finally, DZ Bank reiterated a “sell” rating on shares of Commerzbank in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €5.62 ($6.62).

The stock has a market capitalization of $7.22 billion and a PE ratio of -2.48. The business’s fifty day moving average price is €5.23 and its 200-day moving average price is €5.24.

About Commerzbank (ETR:CBK)

Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

Further Reading: How are capital gains distributions different for tax-deferred account?

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.