Commerzbank (0RLW) Receives a Rating Update from a Top Analyst

In a report released today, Kian Abouhossein from J.P. Morgan maintained a Buy rating on Commerzbank (0RLW – Research Report), with a price target of €27.00. The company’s shares closed last Friday at €24.95.

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According to TipRanks, Abouhossein is a top 100 analyst with an average return of 19.9% and a 69.15% success rate. Abouhossein covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and Morgan Stanley.

In addition to J.P. Morgan, Commerzbank also received a Buy from Warburg Research’s Andreas Plaesier in a report issued on May 9. However, on the same day, RBC Capital maintained a Hold rating on Commerzbank (LSE: 0RLW).

The company has a one-year high of €25.43 and a one-year low of €12.11. Currently, Commerzbank has an average volume of 3.33M.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0RLW in relation to earlier this year.