Warburg Research analyst Andreas Plaesier maintained a Sell rating on Commerzbank AG (OTC:CRZBY) on Wednesday, setting a price target of EUR3.9, which is approximately 27.15% below the present share price of $6.58.
Plaesier expects Commerzbank (DE:CBKG) AG to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Commerzbank AG, with an average price target of $6.64.
The analysts price targets range from a high of $8.6 to a low of $4.79.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.09 billion and a net profit of $0. The company's market cap is $8.07 billion.
According to TipRanks.com, Warburg Research analyst Andreas Plaesier is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.8% and a 55.88% success rate.
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.